Question

explainneconomic problem how to produce​

Answer 1

Explain ,,,,......................

Answer 2

$\huge {\underline{\red {Answer}}}$

It is the second basic economic problem of resource allocation. It is concerned with the choice of technique production. For example, production of cloth is possible either by handlooms or by modern machines. This problem is concerned with the efficient use of resources which implies more production with low cost.

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