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Which is not a central problem of an economy?

Asked on by | Votes 0 | Views: 37 | Tags: general knowledge     | commerce     | economics     | Add Bounty

Which is not a central problem of an economy?

A).  What to produce

B).  How to produce

C).  How to maximize private profit

D).  For whom to produce


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Answered by on | Votes 1 |

 How to maximize private profit



How to maximize private profit is not a central problem of an economy. Some of the central problems that are faced by every economy of a country are as follows: Production, distribution and disposition of goods and services are the basic economic activities of life. In the course of these activities, every society has to face scarcity of resources.

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