Question

Which one of the following economic problems deals with technique of production?

पर्याय

• What to produce

• How to produce

• For whom to produce

• None of these

Answer 1

How to produce

Explanation:

The problem “How to produce?” deals with the technique of production, i.e., the choice between labour-intensive or capital-intensive methods. It aims to produce maximum output at minimum cost using scarce resources efficiently.