how to produce is a centre problem of an ecomony which one of th following is th problem
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The allocation of scarce resources and the distribution of the final goods and services are the central problems of any economy.
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Answer:
The three fundamental economic problems are there .They are,
*What to produce
*How to produce
*For whom to produce.
Explanation:
Your answer is HOW TO PRODUCE.
Central Economic Problem:-
The central economic problem is scarcity which leads to an opportunity cost. In simple words human wants are infinite but resources are finite (having said that we need to distinguish between human wants and human needs). Therefore scarcity leads to people having to make choices.
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