Whether to use more resources in education and health or to use more resources in building military services. Which of the central problems of an economy is accurate for this?
How to produce?
What to produce?
Whom to produced?
Where to produced?
What to produce?
The question is about deciding which goods and services to produce— education and health vs. military services. This relates to the allocation of scarce resources among competing needs, which is the “What to produce?” problem in economics.