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Which central problem explains ‘who gets more and who gets less’?
- a)Scarcity of resources
- b)What to produce
- c)For whom to produce
- d)How to produce
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which central problem explains ‘who gets more and who gets less&...
This problem refers to selection of the category of people who will ultimately consume the goods, i.e. whether to produce goods for more poor and less rich or more rich and less poor. Since resources are scarce in every economy, no society can satisfy all the wants of its people. Thus, a problem of choice arises.
Most Upvoted Answer
Which central problem explains ‘who gets more and who gets less&...
There are two sections of the society the rich an the poor if the producer will produce for the rich the profits will be high but the gap between a rich and the poor will be increased and if goods are produced for the poor then it will promote social justice bht the profits of the producers will remain low which means low investment and low investment means low gdp growth and for a long time the economy have to remain backward because as the gdp decreases the economy needs a long time to accelerate it's gdp hope it will be helpful for you:-)
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Community Answer
Which central problem explains ‘who gets more and who gets less&...
The problem of distribution of country's resources can be solved by asking the question, For whom to produce? This implies functional distribution.
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Which central problem explains ‘who gets more and who gets less’?a)Scarcity of resourcesb) What to producec)For whom to produced)How to produceCorrect answer is option 'C'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Which central problem explains ‘who gets more and who gets less’?a)Scarcity of resourcesb) What to producec)For whom to produced)How to produceCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which central problem explains ‘who gets more and who gets less’?a)Scarcity of resourcesb) What to producec)For whom to produced)How to produceCorrect answer is option 'C'. Can you explain this answer?.
Which central problem explains ‘who gets more and who gets less’?a)Scarcity of resourcesb) What to producec)For whom to produced)How to produceCorrect answer is option 'C'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Which central problem explains ‘who gets more and who gets less’?a)Scarcity of resourcesb) What to producec)For whom to produced)How to produceCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which central problem explains ‘who gets more and who gets less’?a)Scarcity of resourcesb) What to producec)For whom to produced)How to produceCorrect answer is option 'C'. Can you explain this answer?.
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