1329. Economy 101: Understanding What and How Much to Produce 🏭

Learn the basics of economic production, including how limited resources determine what goods are produced and in what quantities. A must-know for understanding economic decision-making!

1329. Economy 101: Understanding What and How Much to Produce 🏭
Arinjay Jain Academy
5 views • Jul 13, 2015
1329. Economy 101: Understanding What and How Much to Produce 🏭

About this video

In an economy, the factors of production are limited. Hence, the limited resources available are to be used for production of only certain commodites and not all of them. Hence the question of What is to be produced and in what quantities.

Video Information

Views

5

Duration

3:33

Published

Jul 13, 2015

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