The three fundamental economic questions in every society address resource allocation to produce goods and services efficiently.
Every economy must determine what should be produced, how it should be produced, and for whom it should be produced. These questions address the allocation of resources and require decision-making to meet the needs of society.
The three fundamental economic questions are: What should be produced? How should goods and services be produced? For whom should goods and services be produced?
For example, if a country decides to produce more healthcare services, it must determine how to allocate resources to meet this demand and decide who will receive these services.
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