Question

What to produce?  What should be produced in a world with limited resources?  Exs) Using limited resources, should a local government build a new school or improve roads? Using limited resources, should a farmer grow wheat, cotton, or corn? Using limited resources, should an automobile manufacturer produce driverless cars?

$\underline\star\purple{Huii\:r\:u\:on\: Pranav?}$( T_T)​

Answer 1

Answer:

What to produce?  What should be produced in a world with limited resources?  Exs) Using limited resources, should a local government build a new school or improve roads? Using limited resources, should a farmer grow wheat, cotton, or corn? Using

Yes,I'm here

Helwo

How're Yuh

I'm Fine thank you

BHALENTINE DAY IS COMING

ME WILL STAY AWAY

Explanation:

Answer 2

Answer:

Because of scarcity every society or economic system must answer these three basic questions:-

1.What to produce?

• What should be produced in a world with limited resources?

Example - Using limited resources, should a local government build a new school or improve roads?

2. How to produce?

• What resources should be used?

Example - How should we produce steel – using union or nonunion workers? Using recycled steel or iron ore?

3. Who consumes what is produced?

• Who acquires the product? How is it distributed?

Example - Who should clothes be produced for (what demographic group / generation)?

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