what do you understand by produce explain with the help of one example
Answers
*Answer-* (one example), which of the consumer goods such as wheat, rice, cloth are to be produced and which of the capital goods such as machines and tools are to be produced. When an economy has taken a decision as to what goods or services to be produced, then it has to be about its quantity. How much of consumer goods and capital goods are to be produced.
Explanation:
As there is the problem of choice, the economy has to decide which goods and services are to be produced. (one more example), if an economy decides to produce rice and wheat within a given period with limited resources then it will have to use less of machineries.
Answer:
meaning:to bring into existence; give rise to; cause: to produce steam. ... to make or manufacture: to produce automobiles for export. to bring forth; give birth to; bear: to produce a litter of puppies. to provide, furnish, or supply; yield: a mine producing silver.
example:The tree would not produce fruit”
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