Question

A doctor at Boston University partnered with a professor at Northeastern University to create a virtual support program for patients recently discharged from the hospital. How would they answer the economic questions For whom to produce? and What to produce?

Answer 1

The three fundamental questions of economics are solving the basic problems faced by economic agents. What to produce? How to produce? Who to produce for?These questions apply to all areas of production in a capitalist economy. What must be kept in mind is that production exists to meet someone's need and that production is intended to generate profit for the supplier. Thus, the medical team first identifies the target audience that will consume virtual support, patients with special needs. From then on, the team is dedicated to the second question, what to produce? A support that will be useful for mobility needs. There is still the third question, how to produce? In this case, it was not asked in the question, but we could answer, for example, with a certain technology.

Answer 2

To answer the question above as to how would they answer the economic questions for whom and what to produce when a doctor at Boston University partnered with a professor at Northeastern University in creating a virtual support program for patients that recently discharged from the hospital.