explain the central problems of what to produce in an economy
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The three basic economic problems are regarding the allocation of the resources. These are what to produce, how to produce, and for whom to produce.
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The central problem of "what to produce?" which is faced by the economy where the economy decides the goods that needs to be produce in the economy wether consumer or capital goods to satisfy human wants keeping in mind the available resources and state of technology in the economy.
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