Paper 2 · basic economic problem
In a capitalist society, the economic problem of 'what goods' shall be produced is solved primarily by
Apeople advertising their wants.
Bdirection by the government.
Cthe pattern of consumers' spending.
Dpeople producing directly to satisfy their own wants.
Explanation: Pattern of consumer spending influences 'what to produce?' in a market economy.
ZIMSEC Economics Paper 2, November 2010, Q1
