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If a society decides to produce consumer goods from its avalable resources, It is answering the basic econamic question,
How to produce?
What to produce?
For whom to produce?

A society has to make choices in order to meet the diverse needs of its members. The resources available in all economies are insufficient to meet all needs. Because of this scarcity, a society has to make informed decisions on what to produce at any given.

Societies make choices on what to produce with the available resource. In every decision, there is a sacrifice to be made.

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Select the correct answer from the drop-down menu If a society decides to produce consumer goods from its avalable resources, It is answering the basic econamic question, How to produce? What to produce? For whom to produce?

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Select the correct answer from the drop-down menu
If a society decides to produce consumer goods from its avalable resources, It is answering the basic econamic question,
How to produce?
What to produce?
For whom to produce?