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Business Studies

Human Resource Management

What is the p...

Question

What is the problem of resource allocation?

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Solution

Problem of resource allocation is the the allocating the resources to alternative uses in a manner such that scarce resources are optimally utilised.

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Q. What are the central problems relating to allocation of resources?

Q. The problem of resource allocation would not arise if resources had no alternatives uses.

Problem of resource allocation is automatically solved in a free market economy.

State any two central problems under 'problem of allocation of resources'.

Q. ___________ deals with the problem of allocation of resources.

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