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Question

The allocation of limited resources in the most appropriate manner amongst unlimited ends is ?

A
Statistics
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B
Economics
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C
Market
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D
All of the above
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Solution

The correct option is B Economics
Economics at micro and macro level deals with two basic problem that is the problem of unlimited wants and scarce resource. Economics is all about how we set an ideal relationship between these two factors so that it is very profitable for our nation both socially and economically.

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