one of the three main questions of economics addresses who should
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Considering the scarcity of resources, Economics put three questions,
- What to produce?
- How to produce?
- For whom to produce?
The main objective of these questions is to efficiently utilize the scarce resource that are available in the world. It helps to decide what good and services to be produce and in what quantity to be produces.
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One of the three main questions of economics addresses who should receive goods and services.
The three main questions in economics are following-
1. What goods and services must be produced?
2. How should the goods and services be prepared?
3. The goods and services should be prepared for whom?
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