7.Which among the following is the problem of allocation of resources ?
(a)What to produced (b) How to produced (c) For whom to produced ? (d) All of these .
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Answer:
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Explanation:
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. In other words, what to produce and how much to produce. ... The problem is determining the optimal production ratio between the two.
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Answer:
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. In other words, what to produce and how much to produce. ... The problem is determining the optimal production ratio between the two.
Explanation:
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