Answer to Question #58173 in Other Economics for Mmaduabuchi Sopuruchi
outline the problems of economics and their solutions.
The 3 basic problems of economics are: - What to produce? - How to produce? - For whom to produce?
The solutions for them are: - The products, which will satisfy consumer wants; - Production process must be as best as possible using effectively the limited resources available; - The producer must be oriented towards the target group, which will potentially buy his products (including sex, gender etc. criteria).