armagedon (Mariana Lover): The problem of scarcity and choice confronts every society whether primitive 0r advance, rich 0r poor.This means,that given scarce and,there-fore,costly resources,every society must make choices on WHAT GOODS to produce,how much of each good to produce,and FOR WHOM to produce. *
25-08-09 - 08:19:24

armagedon (Mariana Lover): The what question asks, "which of the many things that we want should be produced first?" the how question asks, "out of the many possible ways to produce the things that we want,which way should be adopted" and the last question is. "to whow will the goods and services produced be distributed" *
25-08-09 - 08:25:11

eze4ever (Unstopable Lover + ): .hmm. *
28-12-09 - 13:41:53

princehenry (Mariana Lover): I am an economics student.let us get a book and start from the scratch asking ourselves question *
28-12-09 - 13:53:17

princehenry (Mariana Lover): I am an economics student.let us get a book and start from the scratch asking ourselves question *
28-12-09 - 13:53:54