What Are the 5 Basic Economic Problems? (2024)

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Capitalist Economy

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Solution

The 5 basic problems of an economy are as follows:

  1. What to produce and what quantity to produce?
  2. How to produce?
  3. For whom to produce the goods?
  4. How efficient are the resources being utilised?
  5. Is the economy growing?

Also read:

Central Problems of an Economy

MCQs on Central Problems of an Economy

Learn about more questions and answers on business studies and various other commerce topics from our website.

See Also
Types of decisions - Decision making - Higher Business management Revision - BBC Bitesizeمقدمة في إدارة القراراتFour Economic Concepts You Should KnowEconomic Factors of Production

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What Are the 5 Basic Economic Problems? (2024)
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