Question

Q11 Explain the Problem of 'How to produce with
example? ​

Answer 1

Answer:

As there is the problem of choice, the economy has to decide which goods and services are to be produced. For example, which of the consumer goods such as wheat, rice, cloth are to be produced and which of the capital goods such asmachines and tools are to be produced.

Answer 2

Answer:

As there is the problem of choice, the economy has to decide which goods and services are to be produced. For example, which of the consumer goods such as wheat, rice, cloth are to be produced and which of the capital goods such asmachines and tools are to be produced.

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