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Which central problem explains ‘who gets more and who gets less’?

  • a)
    Scarcity of resources

  • b)
    For whom to produce

  • c)
    What to produce

  • d)
    How to produce

Correct answer is option 'A'. Can you explain this answer?
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Which central problem explains ‘who gets more and who gets less&...
The basic economic activities of life are production, distribution, and disposition of goods and services. A society will be facing scarcity of resources during the time of fulfillment of these activities.


Scarcity is evident, due to the availability of limited resources, and human needs having no limit. This variation between the supply and demand leads to the formation of central problems of an economy.
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Which central problem explains ‘who gets more and who gets less&...
The inability of a society to allocate resources efficiently?
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Which central problem explains ‘who gets more and who gets less&...
For whom to produce
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Read the following passage and answer the questions that follow: At the micro level, every economy faces three central problems, i.e., what to produce, how to produce and for whom to produce.What to Produce : The problem of ‘what to produce’ arises as the producers have limited resources. In an economy because of scarcity of resources, producers are unable to produce everything in bulk but they will have to make a choice as to which one is important as a whole so that limited resources can be rationally managed. Problem of ‘what to produce’ involves two-fold decisions : the kind of goods to be produced and the quantity of goods to be produced.How to Produce : It is concerned with how to organise production. This problem is related to the choice of technique of production. It arises due to the availability of various techniques for the production of a commodity such as Labour– Intensive Technique and Capital–Intensive Technique.For Whom to Produce : The problem of ‘for whom to produce’ is the problem of distribution of produced goods and services. At the micro level, the decision relates to different sets of buyers in the economy. In an economy, producers would obviously be inclined to produce more for the rich buyers to maximise their profits but, the government also intervenes to regulate the use of resources, so that enough production is done for the poorer sections of the society also.Q. The problem of ..................... is the problem of distribution of produced goods and services.

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Which central problem explains ‘who gets more and who gets less’?a)Scarcity of resourcesb)For whom to producec)What to produced)How to produceCorrect answer is option 'A'. Can you explain this answer?
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