64 654
Assignments Done
99,2%
Successfully Done
In September 2018

Answer to Question #58173 in Other Economics for Mmaduabuchi Sopuruchi

Question #58173
outline the problems of economics and their solutions.
Expert's answer
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).

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions