Question

The selection of factor combination to be used to produce a given commodity is a problem of:

a) What to produce b) How to produce c) For whom to produce​

Answer 1

what to produce because it requires the suggestion of people

Answer 2

Answer:

a) The primary issue facing the economy is "what to produce?" The economy decides what needs to be produced in the economy, whether they be capital or consumer goods, while taking into account the available resources and technological development of the economy.

b) The production method is referred to as how to produce. There are numerous ways to produce goods and services, which leads to the choice problem.

c) The choice of the population group that will ultimately consume the commodities is the issue with whom to manufacture. Every economy has limited resources, thus no society can fully satiate all of its citizens' desires. A choice problem consequently develops.

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