Failure to address the three questions of economics will have what kind of impact on an economy?
a-it will have no consequences.
b-it will meet citizens’ needs and wants.
c-it will have negative consequences.
d-it will contribute to the success of the society.

Option C It will have negative consequences.

The three questions of economics;

What to Produce? A real command economy is about the production that is defined by a primary economic authorization. The true free market production is planned by unique preferences. Nevertheless, most states befall around within an actual command economy and a truly free market and production is concluded by a blend of fundamental preparation and personal preferences.How to Produce? There are several methods to design a product or service of the similar essence. As a businessperson, it is necessary to possess a distinct perception of total dilemmas. For Whom to Produce? All goods and services are invented for notable to consume. A free market, who understands the defined by capability to produce at a rate decided by supply and demand.