The questions of economics address which of the following? Check all that apply.
Answers
Answered by
6
The questions of economics address the issue that who should not be producing goods and services and the nature of the product and method of production. These are known as the 3 famous questions in economics. ' what to produce, how to produce and who will produce '. Economic theories suggest the ways in which resources can be used to get maximum production possible.
Answered by
4
The primary questions of economic address have 3 major components.
They are who, what, and how.
We can address them as who is the producer, what is produced and How is it produced.
They are fundamental components of manufacturing or production based work.
Addressing them correctly leads to the clear picture of the economic activity.
Similar questions