What to produce?
What goods and services to produce: Does the economy uses its resources to operate more hospitals or hotels? Do we make iPod Nanos or produce more coffee? Does the National Health Service provide free fertility treatment for thousands of couples without children?
How to produce?
How best to produce goods and services: What is the best use of our scarce resources of land labour and capital? Should school playing fields be sold off to provide more land for affordable housing? Or are we contributing to the
problem of obesity by selling off these playing fields?
For whom to produce?
•Who is to receive goods and services: What is the best •method of distributing products to ensure the highest level •of wants and needs are met? Who will get expensive hospital •treatment - and who not? Should there be a minimum wage? •If so, at what level should it be set?
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