Question

Describe the problem 'For whom to produce'.

Answer 1

For whom to produce:

1·This problems deals with the issue of deciding the category of people who will consume the goods. That is to produce goods for the poor or for the rich.

2:Since the resources are scarce, the economy has to decide for whom it will produce goods.

3:The goods are produced according to the paying capacity of the people. And this capacity depends on the income level of the people.