Question

According to Samuelson, there are three fundamental and interdependent problems in an economic organization. What are they?

Options

• what, when and how

• what, how and for whom

• what, where and when

• what, how and where

Answer 1

what, how, and for whom

Explanation:

The three essential and interconnected concerns of an economic organisation, according to Samuelson, are what, how, and for whom resources are allocated. The word "resource allocation" refers to how much of each resource is dedicated to a certain job.