Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsIntroduction3 Marks
Question
Explain the problem of ‘what to produce’.
✓
Answer
The economy can produce different possible combinations of the goods and services from the given resources. The problem is that which of these combinations should the economy produce. This is the problem of choice. If more of one good is produced, then lesser resources are left for producing other goods.
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