Answer:
The problem of ?for whom to produce? focuses on the distribution of the final goods and services produced. The distribution of the final goods and services is equal to the distribution of National Income among the factors of production such as land, labour, capital and entrepreneur. The economy needs to decide a mechanism of distributing the final goods and services among the different segments of population, to reduce the inequality of income. This problem is concerned about who gets more or who gets less? Which goods should be made available free or at low (nominal) price and to which segment?
You need to login to perform this action.
You will be redirected in
3 sec