MICROECONOMICS CH : 2 CENTRAL PROBLEMS OF AN ECONOMY — Economics STD 11 Commerce — Question
CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 2 CENTRAL PROBLEMS OF AN ECONOMY1 Mark
Question
What is the problem of resource allocation?
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Answer
Problem of resource allocation is the problem related to the allocation of resources to alternative uses in a manner such that scarce resources are optimally utilised.
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