One of the three economic questions deals with deciding what goods and services should be produced. what the costs of production should be. how goods and services will be marketed. how consumers will receive products.

One of the three economic questions is responsible for deciding what goods and services should be produced in the economy, whose other two central economic issues are related to who will be the consumer and how effectively they will be produced.

It is a system based on private property, with less government involvement. That is, it is the medium where exchanges, negotiations and trades take place based on the law of supply and demand.

Therefore, it is essential that economic issues are related to production stages and consumer needs, so that an organization is competitive and well positioned in the market.

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