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Value Added Method

The problem o...

Question

The problem of 'what to produce' relates to _________.

A

the distribution of produced goods and services.

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B

the technique of production to produce good.

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C

the production of goods

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D

none of these

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Solution

The correct option is B the production of goods
The problem of 'what to produce' deals with the production of necessary goods that have demand in the economy which can be evenly distributed so that social as well as economic stability is maintained in the economy.

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Q. Match the following:
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(ii) The problem of distribution (b) What to produce?
(iii) Scarcity (c) For whom to produce?
(iv) The problem of technique (d) How to produce?

Choice between 'production for the poor' and 'production for the rich' refers to the problem of 'what to produce'.

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