IF U ANSWER FIRST U WILL GET BRAINLIEST.....The three basic economic questions societies face are (1) what goods and services to
produce, (2) how to produce those goods and services, and (3) who will get them.
In your opinion, which of those three economic questions do you believe is the hardest for businesses to answer, and
why? Please make sure to write at least 5 sentences for this activity. Provide supporting details in your answer.
The hardest economic question to answer is who to produce goods and services for. This is because the answer relies on social and economic class. For example, a life-saving drug might only be made available to the wealthy, because of high production cost. Supply and demand affects the answer to the question by indirectly changing the price. If supply of the drug goes up, and demand is low, then the price will decrease. If supply falls short, and demand is high, then the price would increase. These somewhat sporadic price changes can change the availability of products.
Intuitive thinking is an unconscious process fro rapid action, judgement and decision, a kind of thinking that helps to understand reality without logic or analysis, i.e, a feeling that doesn't use rational processes.
