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Economic Definition of How?. Defined.

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Term How? Definition: One of three basic questions of allocation (What? and For Whom? are the other two). Answering the "How?" question of allocation determines how society's limited resources will be combined in the production goods. Do we produce houses with wood or bricks? Do we make cars with automated robots or human labor?

 

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Alphabetical Reference to Over 2,000 Economic Terms