Which of the following institutions facilitates the distribution and consumption of resources?

Industry

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Market

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Government

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Society

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B Market
The market is one of the three institutions, which facilitates the distribution and consumption of resources. The other two are the industry which extracts and processes the resource and the government which oversees the rules and regulation through which the other institutions operate.

Suggest Corrections

Similar questions

68

68

Monthly consumption (in units)	Number of consumers
65-85	4
85-105	5
105-125	13
125-145	20
145-165	14
165-185	8
185-205	4

Study of production, consumption, and distribution of income is possible without Statistics.

Join BYJU'S Learning Program