Three Basic Questions of ScarcityWe make decisions on how our limited resources will be used.
What to Produce?
Production is one of the main factors because we have to decide what we are going to produce. Society has to decide if we want to contribute to the military or to make more materials needed in society.
How to Produce?
Factories are the biggest when it comes to produce because they produce big amounts of products.
Whom to Produce?
The consumers need to be analyzed in order to find a solution on what to produce and how much should be.