12th Class Economics Solved Paper - Economics 2012 Outside Delhi Set-II

  • question_answer Explain the central problem of 'how to produce'.

    Answer:

    A number of methods are available to a producer for producing a good. First a producer decides how he should combined all factors in producing a commodity. A producer will use that combination or technique of production where the cost is minimum. This is the central problem of how to produce in an economy.


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