Question : Which of the following central problems of an economy deals with the distribution of income?
Option 1: What to produce?
Option 2: How to produce?
Option 3: For whom to produce?
Option 4: None of the above
Answer (1)
24th Jan, 2024
Correct Answer: For whom to produce?
Solution : 'For whom to produce ' means how should the goods and services produced be allocated among people. Goods and services are purchased by those who have incomes that are earned in the process of production. Therefore, the problem amounts to a distribution of income among people.
Hence, the correct option is 3.
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