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.
●
Rate this question :
How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
view all courses
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
RELATED QUESTIONS :
Why do the centra
Economics - Board Papers