Showing posts with label three problems of economic organizations. Show all posts
Showing posts with label three problems of economic organizations. Show all posts

What are the three problems of economic organizations? How can the three problems of economic organization be solved in free and mixed economics?

Three Problems of Economic Organizations:

In every economy; economic organizations, irrespective of their type, have to face and solve three problems of economics. These three problems are as follows,

  1. What commodities are produced & in what quantities.
  2. How goods are produced.
  3. For whom goods are produced.

Description and solution to these problems in fee and mixed economies is given below.