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Parveen Dev Grover
Parveen Dev Grover
Asked: 3 years ago2022-10-29T01:28:15+05:30 2022-10-29T01:28:15+05:30In: Class 11

Explain the problem of for whom to produce

Explain the problem of for whom to produce
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  1. 7fe4a
    2022-11-09T00:18:59+05:30Added an answer about 3 years ago

    The problem for whom to produce involves the distribution of final products to eCh individual in the economy i.e to select the group of people who will ultimately consume the product i.e to decide whether to produce goods for more poor,less rich or less poor, more rich .it has two aspects 1 personal distribution 2 functional distribution
    The problem of for whom to produce means the good and services are produced for which category of people who consumes it.
    the problem of for whom to produce is for rich person or poor people rich have savings and income but poor has not

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