whom to produce this is problem of economic
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For whom to produce' refers to the problem of distribution of final goods and services or the problem of distribution of income. It has two aspects. The first aspect relates to personal distribution and the second aspect relates to functional distribution.
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problem of economy are..
- what to produce
- how to produce and in what quantity
- whom to produce
For whom to produce' refers to the problem of distribution of final goods and services or the problem of distribution of income. Personal distribution refers to output/income share of individuals or households in society. Functional distribution refers to income share of different factors of production.
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