Answer:
What to produce ? Good:(something tangible that one pays to consume)
Consumer goods ( bought and used by consumers)
Capital Goods (used in the production of other goods)
Service (worker or labor that is performed of other goods)
How to produce ? Factors of production/Productive Resources 1. Natural Resource/Land 2. Human Resources 3. Physical capital 4. Entrepreneurship
For whom to Produce ? Countries develop economic systems to determine how to allocate scarce resources
