CUET Preparation Today
Which of the following depicts the central problem of economy, 'How to produce'? |
Whether or not medical services should be provided for free to people below poverty line. Whether to produce more food products or more textiles. Whether to use more labour for production or more machines. how should the produce in the economy be distributed among individuals. |
Whether to use more labour for production or more machines. |
The correct answer is Option (3) → Whether to use more labour for production or more machines. The central problem “How to produce” refers to deciding the technique of production — whether to use labour-intensive methods (more workers) or capital-intensive methods (more machines) to produce goods efficiently with limited resources. |
