Introduction to Micro economics

Economics (CUET) Common University Entrance Test (CUET)

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Indian Economy - Understanding the basics of Indian economic system

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The central problem of an economy is:

What to produce ?

How to produce ?

How to distribute produced goods ?

All of these

Explanation:

The central problem in economics is that what, how and for whom to produce and it is allocating scarce resources in such a manner that society's unlimited needs or wants are satisfied as well as possible.

By: Barka Mirza

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