Prompt: Using Whelan as a guide, discuss how Economic decisions about what to produce, how to produce, and how much to produce are made.
The decisions on what to be produced, how to produce, and how much to produce are made by the market. People who go into stores to buy items are given choices. They choose whatever product is the cheapest yet produces the best overall outcome. As a producer, they need to recognize what to produce to fit the buyers needs, and they need to create a reasonable price. How to produce it is also up to the producer, they can outsource jobs to other countries and have it made cheaper or they can pay more for better quality in the USA. The decision on how much to produce has to be made by looking at the patterns. If customers are buying the product regularly then the producer needs to produce enough to insure that the buyers can continue to buy. If the producer over produces then he is loosing money and is wasting resources. The process of producing relates to supply and demand from customers and it is a challenging decision in Economics.
