Question

Full and efficient utilisation of resources

Answer 1

Explanation:

Fuller utilisation of resources refers to a situation where the resources are used in a best possible manner. In the diagram, any point on the production possibility curve will be fuller utilisation of resources. So, points on PPF the economy operates means resources are fully and efficiently used.

Efficient utilization of resources refers to getting the things done in the right manner, in minimum time with the minimum cost incurred and with no wastage of resources. Effectiveness refers to achieving target and setting goal in right direction