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Business Studies

Industrial Products and Characteristics of Industrial Products

is a situatio...

Question

________ is a situation when more of one commodity can be produced without sacrificing the output of another commodity.

A

social efficiency

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B

production efficiency

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C

distribution efficiency

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D

all the three

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Solution

The correct option is B production efficiency
Production efficiency is a situation when more of one commodity can be produced without sacrificing the output of another commodity as production efficiency means reduction in wastage of resources and optimum utilization of resources

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Industrial Products and Characteristics of Industrial Products

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