Q. 54.0( 1 Vote )

Explain briefly t

Answer :

● The central problem of What to produce means the problem of deciding which goods and services should be produced.


● The resources are limited and have to used judicially.


● It has to be decided carefully as to the optimum utilization of resources in the production of goods and services.


● The resources must be allocated so as to provide maximum satisfaction to the society.


● For example, the decision to make consumer goods or war related goods.



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