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Economics

What are the basic questions to be answered by economic institution?

Four fundamental questions should be answered by any economic institution as:

a. What goods and services must be produced and in what quantity?

b. How must the product be produced?

c. For whom must this be produced and how must this be distributed?

d. Who makes the decisions?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9581660

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