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