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!
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.
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5
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3:33
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Published
Jul 13, 2015
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