Please explain what to produce,how to produce and for whom to produce

1.	Please explain what to produce,how to produce and for whom to produce
Answer» What to produce includes capital goods and consumer goods.Capital goods are needed for further production and future growth.Consumer goods are needed for present consumption.How to produce-It includes two techniques of production.Labour intensive and capital intensive. Labour intensive includes more and more labour and capital intensive requires more and more capital.For whom to produce-It includes two sections of society.The rich and the poor section.By producing goods for the poor,the profits of the producers would remain low.Low profit would mean low investment.implying low GDP growth.

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