explain the problem of 'how to produce'. why does this problem arise?
Answers
Answered by
2
How to produce is an economic activity that deals with the production of a given product; it becomes an economic problem due to the scarcity as resource are unlimited and have got some alternative uses.To solve this ,the price of each factors of production should be determined.
This problem arises when there is limited capital to fund for production, this will not enable an organization to assemble the required raw marterials
ee
Similar questions