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Which basic economic question determines how a society will produce goods and services?

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How can available resources be used efficiently.

User Gurupad Hegde
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Answer:

"How can available resources be used efficiently?"

Step-by-step explanation:

A country's resources are the material or immaterial means used by the population to produce goods and services to meet the country's economic needs. Resources are the support of an economy, being responsible for economic development or lack thereof. For this reason we can say that the phrase "How can resources be used efficiently?" is a basic economic question that determines how a society will produce goods and services.

Resources can be categorized into:

  • Natural resources: are those that come from nature, such as soils, minerals, wind, water, sun, etc.
  • Human resources: These consist of manpower, that is, the work (physical or mental) done by the human being in the production of services or goods.
  • Capital: they consist of the physical goods created by men that contribute to the production of other goods.

User Maxim Kukhtenkov
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