Market
In 'The Wealth of Nations,' Adam Smith held that man's innate selfishness and self-interest leads to success. By allowing all to produce and sell all they want, as long as the markets are open to competition, prosperity is brought forth with very little governmental intervention.
Where should products be produced
Adam believed that the state should not interfere in economic matters
All three of the basic economic questions, in a market economy is answered by the market: What to produce: This is determined by what is demanded and what can be supplied (with the resources) in an economy. How to produce: This is determined by the resource available although theoretically, it should produce at the bottom point in the average cost curve. To whom to produce: Although not stated in the question, this is still a fundamental question in an economy. In a market economy, this question is answered by the demand and supply: The good is produced for all those who is willing and able to buy that good at a given price (determined by the demand and supply.)
For whom to produce?
The three economic questions are answered. What goods and services should be produced? How should these goods and services be produced? Who consumes these goods and services? its a trick question
In 'The Wealth of Nations,' Adam Smith held that man's innate selfishness and self-interest leads to success. By allowing all to produce and sell all they want, as long as the markets are open to competition, prosperity is brought forth with very little governmental intervention.
You should rephrase your question if you want it answered.
I don't. The question asked - Why should you!! - I answered it as "me".
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That should be answered with another question, "Why are you gay?"
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This question is ridiculous and should not be answered