Define the problem of for whom …

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Define the problem of for whom to produce?

Posted by Kanika Mastana 7 years, 6 months ago

CBSE > Class 12 > Economics

10 answers

Kanika Mastana 7 years, 6 months ago

My pleasure.....

2Thank You

Devanshu Khokhar 7 years, 6 months ago

Thanx..

0Thank You

Kanika Mastana 7 years, 6 months ago

Nature of economic activities reveal the nature of economy and level of economic activities reveal the level of economy.....nature of economy is related to industrial/agricultural economy and so on... Level of economy is related to rich /poor etc .....

3Thank You

Devanshu Khokhar 7 years, 6 months ago

What do you mean by the level and nature of economy?

0Thank You

Kanika Mastana 7 years, 6 months ago

I am sorry varshita i am not even able to find ur questions??please write ur doubts again...

1Thank You

Kanika Mastana 7 years, 6 months ago

If i know the answers i will surely try to help u...

1Thank You

Devanshu Khokhar 7 years, 6 months ago

Kanika mastana.... Can u help in solving my ques.?? I posted it yesterday...u can scroll this timeline.2 check the ques. . But still don't receive any answer...

0Thank You

Devanshu Khokhar 7 years, 6 months ago

No..... Ncert

0Thank You

Kanika Mastana 7 years, 6 months ago

Thanks .....are u following vk ohri book?

1Thank You

Devanshu Khokhar 7 years, 6 months ago

This problem is also known as ""central problem of distribution"" Under this basic problem of economy we have to decide for which section we have to produce. Section are broadly divided as rich and poor. If production is made for rich it leads to high profit gaining which results in GDP growth. Although producing for poor section promotes social justice but slow down the pace of GDP growth. Here the from to scarcity of resources arise. So we have to decide for whom to produce and in what manner.

2Thank You

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