IDNLearn.com provides a user-friendly platform for finding answers to your questions. Discover in-depth and trustworthy answers to all your questions from our experienced community members.
Sagot :
The basic economic question which determines how a society will produce goods and services is How can available resources be used efficiently?
Every society must answer to three fundamental economic concerns in order to meet the requirements of its citizens:
- What should we produce?
- How should we produce it?
- For whom should we produce it?
Knowing that the idea of scarcity is crucial in economics, the availability of resources is the foundation of any economy. Governments therefore put an attempt to utilize their available resources as efficiently as possible. It is up to the economies to decide what to produce, how much to produce, when to produce it, and how much to produce it for. These are the fundamental inquiries that a responsible government must address while taking into account the number of resources available.
To know more about resources refer:
https://brainly.com/question/18448459
#SPJ4
Your participation is crucial to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. IDNLearn.com is your reliable source for answers. We appreciate your visit and look forward to assisting you again soon.
