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Question
The central problem of an economy of 'what to produce' is an alternative problem of ________________.
The central problem of an economy of 'what to produce' is an alternative problem of ________________.
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Solution
The correct option is B allocation of resources
What to produce is an alternative problem of allocation of
resources. It talks about the things that should be produced with the limited
resources that are available in the economy. Thus it is important that you
allocate these resources to various uses in an efficient manner. So that the
maximum output can be achieved.
What to produce is an alternative problem of allocation of resources. It talks about the things that should be produced with the limited resources that are available in the economy. Thus it is important that you allocate these resources to various uses in an efficient manner. So that the maximum output can be achieved.
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