What is allocation of resources?

Production of a particular combination of different goods and services

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Selling goods and services

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Organizing inputs of production

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Producing goods effectively

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Solution

The correct option is A Production of a particular combination of different goods and services
Allocation of resources is the production of a fixed amount of a variety of goods and services to a unit of economic activity.

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Similar questions

__________ inputs consist of intermediate goods like raw material.

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