central problem of Indian economy.pptx
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The central problem of any economy is how to allocate scarce resources between competing uses to produce goods and services. An economy must determine what to produce, how much to produce, and how to produce goods and services. It also must decide how to distribute what is produced among the members of society. Effectively addressing this "central problem" requires that a society make choices about using its limited resources.
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RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
central problem of Indian economy.pptx
- 3. Indian Economy The system of making money and producing and distributing goods and services within a country or region.
- 4. What is Central Problem of economy? The way society choose to use its limited resources, which have alternative uses, to produce goods and services and distribute them among different groups. The compulsion of making choices before societies is refered to as ‘central problem’.
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- 9. What to Produce What good to produce? How to Produce For Whom to Produce The Economic Problem
- 11. Problem Is to produce Consumer and Capital good or Civil and War good. What quantity of consumer and capital goods or civil and war goods to be produced How much to Produce What commodity to Produce
- 13. Labour Intensive Technique Capital Intensive Technique
- 16. Lets go Flied Trip
- 18. CREDITS: This presentation template was created by Slidesgo, including icons by Flaticon, infographics & images by Freepik and illustrations by Stories Thanks