Three Basic Questions By Karll Lopez

WHAT To Produce

Should a society direct most of its resources to the production of military equipment or to other items such as food, clothing, or housing? People cannot have everything they want, so they must decide WHAT to produce.

HOW to Produce

Should factory owners use mass production methods that require a lot of equipment and few workers, or should they use less equipment and more workers?

For whom to produce

After Society decides WHAT and HOW to produce, the things produced must be allocated to someone. whether it goes to the or to professional people it must be decided to whom it goes to.

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