The Three Economic Questions By: Jose Ruiz

What to Produce?

Food
Housing
Military
  • The economy focuses on prioritizing food, housing and military on what to produce, but there are also various things that the economy produces.

How to Produce?

Factories
Machinery
Workers
  • In order to produce, people need factories, equipment, machinery, land and workers to be able to do so.

For Whom to Produce?

  • For society and all people, yet working with limited resources and budgets, people must decide what is more important. Consumers give feedback by buying, while doing so it allows for companies and the economy to see what needs to be produced more, how much of it and what the product is.

Credits:

Created with images by terimakasih0 - "money coins cash" • Masahiro Ihara - "Vegetables in Whole Foods Market" • STVIOD - "cambridge building structure" • Fort Rucker - "597th deploys 8 Soldiers" • David Feltkamp - "Concrete factory" • paulbr75 - "red tractor engine retro" • .v1ctor Casale. - "Workers" • trioptikmal - "Shanghai Bund"

Made with Adobe Slate

Make your words and images move.

Get Slate

Report Abuse

If you feel that this video content violates the Adobe Terms of Use, you may report this content by filling out this quick form.

To report a Copyright Violation, please follow Section 17 in the Terms of Use.