Aclothing company produces a new line of inexpensive jeans using a special process that is environmentally friendly. in this example, how has society answered the three basic economic questions?

The world is in need of inexpensive clothing produced at the lowest possible cost in an environmentally friendly process.

There are three basic economic questions which are;

These questions are the prime concern of any production process. In this case, a clothing company produces a new line of inexpensive jeans using a special process that is environmentally friendly.

The company located that the need of the world is inexpensive clothing. This answers the question of "what to produce". The process is special and is environmentally friendly so it answers the question "how to produce". Due to the fact that the jeans are inexpensive, they will easily be acquired by people at low cost especially the low income earners. This answers the question "who consumes what is produced".

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