Economy, asked by Twet8284, 4 months ago

With the help of suitable examples explain the problem of 'for whom to produce'

Answers

Answered by queensp73
4

Hello !

The problem for whom to produce refers to selection of the category of people who will ultimately consume the goods. Since resources are scarce in every economy, no society can satisfy all the wants of its people. Thus, a problem of choice arises.

Hope It Helps u :)

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