All economies must make decisions concerning what to produce,how to produce it,and for whom to produce.

Name: All economies must make decisions concerning what to produce,how to produce it,and for whom to produce.
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This is a basic principle in economics known as the three basic economic questions. Economies must decide what goods and services to produce, which resources to use in production, and who will consume the goods and services produced.

All Economies Must Make Decisions Concerning What to Produce,how to Produce