Business Studies, asked by Ayanwarrior, 3 months ago

what is the basic economic problem? Use examples​

Answers

Answered by Ambardeep
7

Answer:

Problem # 1. What to Produce and in What Quantities?

Problem # 2. How to Produce these Goods?

Problem # 3. For whom is the Goods Produced?

Problem # 4. How Efficiently are the Resources being Utilised?

Problem # 5. Is the Economy Growing?

Answered by dreamachiever2509
1

Answer:

Economic systems as a type of social system must confront and solve the three fundamental economic problems: What kinds and quantities of goods shall be produced, "how much and which of alternative goods and services shall be produced?" How shall goods be produced? ..by whom and with what resources...?"

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