हिंदी

Explain the Problem of What to Produce. - Economics

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प्रश्न

Explain the problem of what to produce.

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उत्तर

What to produce refers to the selection of the goods and the quantity to be produced of each selected commodity. This problem arises because resources are scarce and have alternative uses. As many goods can be produced from these resources, the problem is that which of the goods should be produced.

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2016-2017 (March) Delhi Set 2
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