for customers
That's easy, you produce them for customers.
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?
Goods and services are produced for consumers . What the consumer wants, the entrepraneur or company will give..
(i) Which goods should be produced and in how much quantity? (scarcity) (ii) What technique should be adopted for production? (efficiency, PPC) (iii) For whom goods should be produced? (allocation of goods)
One basic question is for whom goods and services are 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+
That's easy, you produce them for customers.
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?
In a market economy, goods and services are produced for consumers.
Goods and services are produced for consumers . What the consumer wants, the entrepraneur or company will give..
1. What goods and services should be produced? (goverment,producer, consumer) 2. How should these goods and services be produced? (goverment, producer, consumer) 3. For whom should the goods and services be produced?(goverment, producer, consumer)
(i) Which goods should be produced and in how much quantity? (scarcity) (ii) What technique should be adopted for production? (efficiency, PPC) (iii) For whom goods should be produced? (allocation of goods)
One basic question is for whom goods and services are produced.
What, How and for whom goods and services should be produced.
This is determined by the distribution of income in the society.
The four fundamental questions of economics are: 1-What will be produced? 2-How will the goods and services be produced? 3-Who will get goods and services? 4-How will the system accommodate changes? I hope this helps you. Good luck!