Explain the problem of ‘for whom to produce’. - Vidyadip

Question

Explain the problem of ‘for whom to produce’.

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Answer

This problem relates to the distribution of goods and services produced. Since resources are limited all goods and services needed by the people cannot be produced. Whatever is produced it cannot be in unlimited quantity. How should the produce of the economy be distributed among individuals in the economy? Who gets more and who gets less? This depends upon who earns how much’ So it is a problem of distribution of income.

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