Question

explain the problem of allocation of resources.Show it with the help of production possibility curve​

Answer 1

Answer:

Allocation of resources, apportionment of productive assets among different uses. ... Resource allocation arises as an issue because the resources of a society are in limited supply, whereas human wants are usually unlimited, and because any given resource can have many alternative uses.

Answer 2

Answer:

Allocation of resources, apportionment of productive assets among different uses. ... Resource allocation arises as an issue because the resources of a society are in limited supply, whereas human wants are usually unlimited, and because any given resource can have many alternative uses.