Economics (What to Produce-1)

There are two aspects of this central problem— firstly, which goods should be produced, and secondly, what
should be the quantities of the goods that are to be produced. The first problem relates to the goods that are to be produced. In other words, what goods should be produced? An economy wants many things, but all these cannot be produced with the available resources. Therefore, an economy has to choose what goods should be produced and what goods should not be.