Read the case study given below and answer the question :

In reality working of an economy is much more complex than a society. During the course of basic economic problems, every society has to face scarcity of resources. This scarcity gives rise to economic problems. Every society must decide on how much of each of the many possible goods and services, it will produce. Problems of technology to be adopted also arises in due course of time. Who gets how much of produced goods and how should this produce will be distributed among the individuals in the economy are problems, which are being faced by an economy.

Among the following option which is not a Central Problem of an economy ?

Allocation of Resources ?

The correct answer is option (4) : Allocation of Resources

Central problems of an economy are. What to produce, How to produce, and For whom to produce. 'What to produce' relates to the problem of choice of goods and services to be produced. 'How to produce' relates to the choice of technique of production. For whom to produce' relates to the distribution of goods and services across different sections of society.