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Explain, giving examples. the problem of 'for whom to produce’.

Answer» <html><body><p></p>Solution :This studies the problem of distribution of final goods and services or the problem of distribution of income.It has two aspects. The first aspect relates to personal distribution and the second aspect relates to functional distribution.Personal distribution refers to output/income share of individuals or households in society.Functional distribution refers to income share of different <a href="https://interviewquestions.tuteehub.com/tag/factors-458933" style="font-weight:bold;" target="_blank" title="Click to know more about FACTORS">FACTORS</a> of production.Here, the problem is whether <a href="https://interviewquestions.tuteehub.com/tag/allocation-373131" style="font-weight:bold;" target="_blank" title="Click to know more about ALLOCATION">ALLOCATION</a> of resources is promoting equality or not.Equality is a social <a href="https://interviewquestions.tuteehub.com/tag/virtue-1446933" style="font-weight:bold;" target="_blank" title="Click to know more about VIRTUE">VIRTUE</a>, and <a href="https://interviewquestions.tuteehub.com/tag/inequality-1043148" style="font-weight:bold;" target="_blank" title="Click to know more about INEQUALITY">INEQUALITY</a> may induce high saving, <a href="https://interviewquestions.tuteehub.com/tag/investment-25469" style="font-weight:bold;" target="_blank" title="Click to know more about INVESTMENT">INVESTMENT</a> and hence high rate of growth.</body></html>


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