You visited us 0 times! Enjoying our articles? Unlock Full Access!
Question
Open in App
Solution
Verified by Toppr
The problem of allocation of resources arises due to scarcity of resources. Resources are limited and scared in nature. A choice is to be made which wants should be satisfied and which should be left and unsatisfied. In other words, what to produce, how to produce, and for whom to produce should be decided with utmost care.
Was this answer helpful?
22
Author: Foster Heidenreich CPA
Last Updated:
Views: 6012
Rating: 4.6 / 5 (76 voted)
Reviews: 83% of readers found this page helpful
Name: Foster Heidenreich CPA
Birthday: 1995-01-14
Address: 55021 Usha Garden, North Larisa, DE 19209
Phone: +6812240846623
Job: Corporate Healthcare Strategist
Hobby: Singing, Listening to music, Rafting, LARPing, Gardening, Quilting, Rappelling
Introduction: My name is Foster Heidenreich CPA, I am a delightful, quaint, glorious, quaint, faithful, enchanting, fine person who loves writing and wants to share my knowledge and understanding with you.