Where should products be produced? (A+)
when should these products be produced?
One basic question is for whom goods and services are produced.
The question "when to produce" is not one of the three basic economic questions. The fundamental questions are: "What to produce?", "How to produce?", and "For whom to produce?". These questions address resource allocation, production methods, and distribution of goods and services in an economy.
which one of the following is not one of the basic economic question
Where should products be produced (:
three basic questions that an economy faces are -what to produce? -how to produce? -for whom to produce? the first one implies the commodity bundle i.e what commodities to produce more and what less.second one implies what technology to be used.i.e whether more labor or more capital to be used.and the third one implies which section should be given more preference i.e whether luxury products should be produced for rich people or necessary items .
Where should products be produced
Where should products be produced
In order to know which of the following is not an economic goal that influences how societies answer the three key economic questions one would need to know the answer choices.
No asking questions is the number one rule.
One can get basic kitchen appliance at kitchen appliance retail outlets. These stores like electronic stores and outlets keep a lot of good quality items.
This is one of the basic economic questions. But these judgments are based on decisions governments make, maybe in a year or even in a day. They may choose to provide better education and healthcare, or improve the public transportation system.