Question

Which of the following is one of the basic economic decisions people must face in any economy?
A)Who should be hired for the job?
B)What delivery method should be used to get the product to the customer? C)How should these goods and services be produced?
D)What price should be charged for any product?

Answer 1

the answer to your question is C. how should these goods and services be produced.

Answer 2

Answer:

The answer is: C

Explanation:

Economics has a central theme of scarcity. This comes from the limited amount of resources and the unlimited bounds of human want or need. In any economy, people or businesses have to make choices based on the amount of resources they have available and the quantities of what they seek to have, or need, which would satisfy that want or need. When producing goods or services, businesses are faced with limited resources from which they are required to derive profit so as to continue operating. This production decision employs the use of the economic principle of efficiency, particularly in the allocation of resources, so as to achieve the ultimate goal of profitability. The rest of the business decisions would be derived from this initial choice.