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It is said that the question of "for whom to produce" is answered by the market forces in a free market economy. Supply and demand are said to be the market forces. Demand here means people who have enough money to pay on the goods supplied to the market. So it can be said that companies produces for those that have enough money to pay for their goods that already have a cost and a margin that must be gained.
What else can I help you with?
What three questions does economics as a field of study attemp to answer?
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
What to produce how to produce for whom to produce?
consumption for whom to produced?
How do different societies decide what will be produced by whom will it be produced and for whom will it be 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 whom are the goods produced?
for customers
For whom do you produce goods and services?
That's easy, you produce them for customers.
Which of these is not one of the basic economic questions where should products be produced for whom should products be produced how should products be produced what products should be produced?
Where should products be produced
What are the 3 basic economic questions?
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?
What are Five problems all economic systems face?
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+
What are the five problems all economic system face?
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+
When the market mechanism is allowed to operate freely prices will determine?
The mix of output to be produced, the resources to be used in the production process, and for whom the output is produced
What basic economic questions are answered by he market?
One basic question is for whom goods and services are produced.
For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for consumers.
