Question

Explain what to produce with suitable example ?

Answer 1

Answer:

For example: If an economy produces goods for those who can pay high price, then it will end up in producing only those goods and services which a richer section of the society can easily afford, such as expensive jewellery, luxurious cars etc.

Explanation:

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Answer 2

Explanation:

For example: If an economy produces goods for those who can pay high price, then it will end up in producing only those goods and services which a richer section of the society can easily afford, such as expensive jewellery, luxurious cars etc.