Question : Following are the central problems of an economy:
Option 1: What to produce
Option 2: How to produce
Option 3: For whom to produce
Option 4: All of the above
Answer (1)
21st Jan, 2024
Correct Answer: All of the above
Solution :
Following are the central problems of an economy:
(a) What to produce
(b) How to produce
(c) For whom to produce
Hence, the correct option is 4.
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