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Give a situation and provide a product. Provide an answer to these 3 questions. Because of scarcity every society or economic system must answer these

Give a situation and provide a product. Provide an answer to these 3 questions.
Because of scarcity every society or economic system must answer these three (3) basic questions:
1. What to produce? ? What should be produced in a world with limited resources? ...
2. How to produce? ? What resources should be used? ...
3. Who consumes what is produced? ? Who acquires the product?
The Basic Economic Problems of the Society . What to Produce? How much? . How to Produce? For whom to produce

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