show central problems of an economy with the help of production possibility curve
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Economic problem is the problem of making choice in the use of scares resources to satisfy unlimited wants of human beings.
The central problems of an economy are as follows:-
1) What to produce
2) How to produce
3) For whom to produce
The central problems of an economy are as follows:-
1) What to produce
2) How to produce
3) For whom to produce
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