SOME MAJOR ISSUE SAND PROBLEM SIN ECONOMICS
I. Which goods arc to he produced and ) in what quaintness.
2_ All location of the economy has further to determine the allocation scarce resources III money. men, and materials among the goods and services to be produced allocation of resources has also ‘to be determined between the present and the future use i.e. between consumer.
3. Produce.another major issue relates to thc prod golf techniques to be used in production i.c, whether the technique should be labour intensive or capital- intensive.
4. For horn Produce. This problem relates to the distribution of the national product who should get how much. In the matter of distribution, it is necessary to provide incentives to produce more and disincentives to curb UI , necessary consumption.
5. Problems of and Grow this involves rirublems of cfficicncj of resource LIse and provision for further growth and development of the economy.