Question

what are the two central problems of an economy​

Answer 1

Answer:

The three basic economic problems are regarding the allocation of the resources. These are what to produce, how to produce, and for whom to produce.

Explanation:

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Answer 2

Answer:

Central Problems of An Economy At the micro level, every economy has to face three central problems, i.e. what to produce, how to produce and for whom to produce. (i)What to produce Problem of 'what to produce' arises as the economy has limitedresources.

Explanation:

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