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Central problems of economy what to …

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Central problems of economy what to produce how to produce for whom to produce

Posted by Prathmesh More 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Samira . 7 years, 2 months ago

In what to produce we have a choice of two goods that are consumer goods and capital goods, in case of how to produce we have two techniques i.e. capital intesive technique ( in which machines are used for production ) and labour intensive technique ( in which labour is used for production ) . For whom to produce include rich and poor people .

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