Question

explain the problem of 'choice of technique'​

Answer 1

Answer:

Choice of technique we have how much to produce and what to produce, The first problem to economy is usually related to problem of choice. ... In the production from both the techniques is the same then the technique using the less quantity of limited resources will be called more efficient technique.

Answer 2

$\huge\underbrace\bold\red{AnSwer :-}$

⟹ 'Choice of technique' :-

• Central problem of choice of technique refers to the problem of how to produce.
• Every society has to decide on how much of which of the resources to use in the production of each of the different goods and services.
• Choice of technique we have how much to produce and what to produce, The first problem to economy is usually related to problem of choice.
• In the production from both the techniques is the same then the technique using the less quantity of limited resources will be called more efficient technique.