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Explain the four basic economic questions: what to produce, how to produce, how much to produce and for whom.
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Explain the four basic economic questions: what to produce, how to produce, how much to produce and for whom.

User Andreina
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19 votes

Answer:

what goods and services and how much of each to produce, (2) how to produce, (3) for whom to produce, and (4) who owns and controls the factors of production. In a capitalist economy, the first question is answered by consumers as they spend their money.

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User Fabrizio Ferrari
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