Question

what is meant by economizing of resources​

Answer 1

Answer:

Economizing of resources means using of resources in best possible way and to their fullest capacity. • The fundamental issue that arises is scarcity of goods and services compared to the demand for them by consumers.

Answer 2

Answer:

Economising the use of resources means that resources are to be used in a manner, such that maximum output is realised per unit of input. (It also means optimum utilisation of resources)

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