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What are the fundamental problems faced …

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What are the fundamental problems faced by economy?Explain with the help of diagram

    • Posted by Iris Kamei 5 years, 10 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Shivangi Goel 5 years, 10 months ago

    There are three fundamental problems faced by an economy are....1 WHAT TO PRODUCE in this two basic confusions are whic good is to be produce and in which quantity is to be produce...2 HOW TO PRODUCE in this two methods cuts each other as labour intensive Or capital intensive technique...3 FOR WHOM TO PRODUCE this makes the choice between poor and richer sector and also for methods of distribution of income.............. I hope it will help you and for diagrams u may have to use your book....

    4Thank You

    ANSWER
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