What is one of the three main questions of economics addresses who should

Question

Social Studies

Pamela Calderon

2 March, 11:07

What is one of the three main questions of economics addresses who should

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Answers (2)

Know the Answer?

Emmanuel · Answer 1

produce goods and services. (X)

market goods and services.

receive goods and services.

distribute goods and services. (c)

Autumn Ritter · Answer 2

Here are the three main questions:

What goods and services should be produced? How should these goods and services be produced? Who consumes these goods and services?

Explanation

These questions concern the Basic Economic Problem, and to solve this problem the 3 questions above should be answered.

What goods and services should be produced? Any given economy should decide on what is best for them to produce according to necessities. How should these goods and services be produced? Once they have decided on the good or service, they must choose which material to use, machinery, workforce, location, etc. everything that involves production. Who consumes these goods and services? Now, having the product or service, the next decision to takes is how to distribute it, to which market focus on.