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Why does the problem of what …

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Why does the problem of what to produce arise ?

    • Posted by Saniya Kanojiya 7 years, 4 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Pankhuri Dokania 7 years, 4 months ago

    Due to the fact that resources are limited,the problem becomes complex for the economists in the choice across consumer goods and capital goods. Both the goods are significance. Consumer goods are essential to promote quality of life and capital goods are essential to increase production capacity.

    1Thank You

    Riya Jain 7 years, 4 months ago

    Because the firm wants to maximize its profit so the firm wants a product which has less production cost and maximize profit

    1Thank You

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