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Question

What does economizing mean?

A
Making the best use of available resources
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B
Helping those in need
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C
Saving as much as we can
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D
Producing goods and services
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Solution

The correct option is C Making the best use of available resources
Economizing means using of resources in best possible way and to their fullest capacity. Solving the economizing problem for a business involves making decisions about best allocation of resources to produce maximum out of it.

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