Discussion
Which of the following is not the basic economic problem ?
Answer: C
The one that is not a basic economic problem is What to consume ?
Every economy faces scarcity and must answer three central questions: what to produce (which goods and in what quantities), how to produce (which technique and combination of resources), and for whom to produce (how output is distributed).
What to consume is a choice for individual households once output exists. It is not one of the three basic problems of an economy, which is why it is the answer.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development