What means under utilisation of resources according to business economics?
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Underutilization. Underutilization means not utilizing to the fullest capacity. Under-utilization of resources have an impact on profits of the company and hence are a matter of concern for the management. Under utilization can be in terms of machines, labor, raw materials, etc.
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Explanation:
Some privileges enjoyed by the clergy and nobility are: They are not liable to pay taxes to the government. Third estate or the peasants provide services to them
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