No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
to eliminate poverty
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
to satisfy wants of the people
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
to provide basic necessities
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is C to satisfy wants of the people Production is the process through which utility is added to the scarce resources through transformation of inputs into outputs, i.e., goods that satisfy certain wants.