Question

Mention the basic economic problems?

Answer 1

Explanation:

The four basic problems of an economy, which arise from the central problem of scarcity of resources are:

What to produce?

How to produce?

For whom to produce?

What provisions (if any) are to be made for economic growth?

Answer 2

Answer:

Question:

Mention the basic economic problems?

Answer:

1. What to Produce and in What Quantities?

2. How to Produce these Goods?

3. For whom is the Goods Produced?

4. How Efficiently are the Resources being Utilised?

5. Is the Economy Growing?

Explanation:

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