Is increased production of a good beneficial to society?

Question

Quizplus · Accepted Answer

Increased production of a good may be beneficial to society if the opportunity cost (what is foregone) of producing that good is lower than the benefits. For example, if a country increases production of military weapons, it may have an opportunity cost of producing less of consumer goods like food or healthcare, which may be more beneficial to society overall. Therefore, it depends on what is being produced and what is foregone in the process.

Is Increased Production of a Good Beneficial to Society