Vidyalelo
Commerce · Q147

Economics

Graduate and Post Graduate · Commerce · question 147

Q147

Which is not a central problem of an economy?

A.
What to produce
B.
How to produce
C.
How to maximize private profit
Answer
D.
For whom to produce

Answer: Option C

Solution

Answer: Option C
Solution:
How to maximize private profit is not a central problem of an economy. Some of the central problems that are faced by every economy of a country are as follows: Production, distribution and disposition of goods and services are the basic economic activities of life. In the course of these activities, every society has to face scarcity of resources.