The Three Economic Questions BY Riqui Contreras

What to produce?

Determining what to produce based on how much resources we have is very important. We need to make sure that we make the right decisions to spend our limited recourses carefully.


This is a very important question o ask when running a factory. A factory can either be run by limited machines and mostly people or by machines and few people help maintain the machines. The first option might be better for a town that has a high unemployment rate. The second option could be good because there are less manufacturing costs so product is cheaper.


When making a product or service it needs to be determined to who it is being made for to satisfy the peoples wants.


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