what are the vital functions of an economy?
Dear Student,
The following are some of the main functions of an economy is to decide about
i. What to produce
ii. How to produce
iii. For whom to produce
To read more on this, you can visit the link mentioned below.
https://www.meritnation.com/cbse/class12-commerce/studymaterial/economics/introductory-microeconomics/introduction/338_1980_5801#slide1_central-problems-of-an-economy-and-the-concept-of-production-possibility-frontier
In case of any doubts, do get back to us.
The following are some of the main functions of an economy is to decide about
i. What to produce
ii. How to produce
iii. For whom to produce
To read more on this, you can visit the link mentioned below.
https://www.meritnation.com/cbse/class12-commerce/studymaterial/economics/introductory-microeconomics/introduction/338_1980_5801#slide1_central-problems-of-an-economy-and-the-concept-of-production-possibility-frontier
In case of any doubts, do get back to us.