Economy, asked by TbiaSamishta, 1 year ago

If a society decides to produce consumer goods from its available resources, it is answering the basic economic question,

Answers

Answered by Sidyandex
8

When society produces the consumer goods from the available resources that are available within it, then the economic question that it is answering is what to produce.

As the resources are scarce, the decision of what to produce from the available resources is to be taken first by the society to address the economic condition.

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