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What is to be produced? How will it be produced? For whom will it be produced? The questions are What to produce, How to produce and For whom to produce
consumption for whom to produced?
In a free market economy, you the owner gets to chose who it is produced by, how it is produced and what is prdouced. In a command economy, the government chooses how it is produced, who it is produced by and what is produced. A mixed economy is mixed with command and free market.
for customers
That's easy, you produce them for customers.
Where should products be produced
People to whom the company's services are of value.
The three basic economic questions are:What goods and services should be produced?How should the goods and services be produced?For whom should the goods and services be produced?
Which goods should be produced? How will the goods be produced? For whom will the goods be produced? How much goods should be produced? At what rate will the goods depreciate? A+
Which goods should be produced? How will the goods be produced? For whom will the goods be produced? How much goods should be produced? At what rate will the goods depreciate? A+
The mix of output to be produced, the resources to be used in the production process, and for whom the output is produced
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