What How, and for whom? Central Planning Versus the Market a Three Problems All Economic Systems Must Address What should be produced? How should it be produced? o For whom will it be produced? Chapter 3-Supply and Demand: An Introduction Slide 8MB MC Chapter 3 - Supply and Demand: An Introduction Slide 8 What, How, and for Whom? Central Planning Versus the Market ◼ Three Problems All Economic Systems Must Address ⚫ What should be produced? ⚫ How should it be produced? ⚫ For whom will it be produced?