Question

what are the three central problems of an economy?explain?​

Answer 1

Answer:

what to produce

how to produce

for whom to produce

Explanation:

what to produce means that there are two types of goods capital goods nd consumer goods this is the choice that which type of good should we produce capital goods or consumer

how to produce means there are mainly two types of technology labour technology.and capital technology. this is the choice that with which technology.should we produce

for whom to produce refers to that there are mainly two sectors poor nd rich so this is about the choice of sector that for which sector should we produce

hope it will be prove helpful for u

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