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Goshia [24]
3 years ago
14

If a society decides to produce consumer goods from its available resources, it is answering the basic economic question,

Business
1 answer:
dexar [7]3 years ago
6 0

Answer:

What to produce?

Explanation:

What to produce?

Due to the fact that resources are scarce, a producer has to decide what he wants to produce.

In the question above, the consumer has decided to produce consumer goods.

How to produce?

The producer has to decide on the optimal production method to employ. It has to decide whether a labour or technology intensive production method would be better .

For whom to produce?

A producer has to answer this question in order to be able tailor his product to perfectly suit his target customers. The producer has to decide if to produce for young people, middle aged people or the elderly or sell to the poor or rich.

I hope my answer helps you

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A data analyst at a construction company is working on a report for a quickly approaching deadline. why might they choose to ana
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1. Supply will decrease

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Due to the basic economic principle that when supply superceeds the demand for goods and services, the prices of such goods and services fall. As a result of this, and an expected increase in future prices, the supply of coffee beans by coffee merchants to the markets will decrease.

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Blababa [14]

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<u>A. The consumer is a participant in the process of delivering products or services.</u>

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