In other words , what to produce and how much to produce .
The problem of allocation of resources arises due to the scarcity of resources , and refers to the question of which wants should be satisfied and which should be left unsatisfied .
What to produce and how much to produce .
The problem of allocation of resources arises due to the scarcity of resources , and refers to the question of which wants should be satisfied and which should be left unsatisfied .