explain the central problem of the choices of product to be produced
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explain the central problem of the choices of product to be produced
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Explanation:
The central Problem of " What to produce"? Which is faced by the economy where the economy decides. the goods that needs to be produce in the economy whether consumer or capital goods to satisfy human wents keeping in mind the available resources and state of technology in the economy.
Answer:
As there is the problem of choice, the economy has to decide which goods and services are to be produced. For example, which of the consumer goods such as wheat, rice, cloth are to be produced and which of the capital goods such asmachines and tools are to be produced.
Explanation:
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