Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Get immediate and reliable answers to your questions from a community of experienced professionals on our platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.
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
Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.
