What is the role of the three questions of economics
Asked by maham237 @ in Business viewed by 396 People
Answered by maham237 @
The role of three question of economics is to act as the basic principle of production decision making. "What to produce", "How to produce", and "For whom it should be produced" are the three basic questions of economics. We have to consider the type of product, the method of producing it, and the consumer when making a production decision.
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