GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The three economic questions each organization must answer are:What should be produced? How should it be produced? and:
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For whom should it be produced?
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Where should it be produced?
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Why should it be produced?
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When should it be produced?
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Explanation:
Detailed explanation-1: -Answer and Explanation: The three fundamental economic questions that rotate around what to produce and in what quantity, how to produce it, and for whom must be addressed since they occur when there is scarcity implying wants are more significant than the resources available.
Detailed explanation-2: -What should we produce? How should we produce it? For whom should we produce it?
There is 1 question to complete.