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Explain what to produce with examples

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Explain what to produce with examples

Posted by Rohit Singh 7 years, 9 months ago

CBSE > Class 12 > Economics

2 answers

Kriti Bajpai 7 years, 9 months ago

This problem involves selection of goods and services to the producer and the quantity to produce each selected commodity. This problem is also called allocation of resources. Eg. Production of more sugar is possible only by reducing the production of other goods (2) eg - production of more war goods is possible only by reducing the production of more civil goods.

Kriti Bajpai 7 years, 9 months ago

This problem involves selection of goods and services to the producer and the quantity to produce each selected commodity . This problem

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