0
It is said that the question of "for whom to produce" is answered by the market forces in a free market economy. Supply and demand are said to be the market forces. Demand here means people who have enough money to pay on the goods supplied to the market. So it can be said that companies produces for those that have enough money to pay for their goods that already have a cost and a margin that must be gained.
Add your answer:
Earn +20 pts
What to produce how to produce for whom to produce?
consumption for whom to produced?
What three questions does economics as a field of study attemp to answer?
What is to be produced? How will it be produced? For whom will it be produced? The questions are What to produce, How to produce and For whom to produce
What to produce how to produce whom to produce where to produce?
What to produce is one of the high economic problem
What are three basic econmic questions?
what to produce? how to produce it? for whom to produce it?
For whom do you produce goods and services?
That's easy, you produce them for customers.
What to produce how to produce for whom to produce?
consumption for whom to produced?
What three questions does economics as a field of study attemp to answer?
What is to be produced? How will it be produced? For whom will it be produced? The questions are What to produce, How to produce and For whom to produce
What to produce how to produce whom to produce where to produce?
What to produce is one of the high economic problem
What are three basic econmic questions?
what to produce? how to produce it? for whom to produce it?
What are the 3 economics questions?
The 3 Economics questions are: 1) What to produce 2) For whom to produce 3) and How to produce.
For whom do you produce goods and services?
That's easy, you produce them for customers.
What type of economy does the government decide what to produce and how to produce and for whom to produce?
Controlled.
Which type of economy does the government decide what to produce how to produce and for whom to produce?
Controlled.
What type of economy does the government decide what to produce how to produce and for whom to produce?
Controlled.
How does Israel's economy answer the questions of how to produce what to produce it and for whom to produce it?
cut diamonds
What to produce for whom to produce where to produce?
Actually it is not those questions. They are: What to produce?How to produce? i.e: where? what techonolgy? labour? etc.For whome to produce?
In Which type of economy does the government decide what to produce how to produce and for whom to produce?
Controlled.
