What to produce?

Author Topic: What to produce?  (Read 411 times)

Offline Md. Alamgir Hossan

  • Hero Member
  • *****
  • Posts: 934
  • Test
    • View Profile
What to produce?
« on: April 15, 2017, 04:58:34 PM »
Each and every economy must determine what products and services to produce. In some way, these kind of decision should be coordinated in every society. In others, consumers and producers decision act together to find out what the society scare resource will be utilized for. In a market economy, this ‘what to produce?’ choice is made made mainly by buyers, acting their own interest to fulfill their needs.