Question

unit 1 economic fundamentals test
what does allocation mean?
the factors of production
the distribution of resources to meet peoples wants and needs
deciding what to make in your business model
all resources are unlimited

Explanation:

In economics, allocation refers to distributing resources to satisfy human wants and needs. The factors of production are inputs for production and not the definition of allocation. Deciding what to make in a business model is part of production - decision - making, not exactly allocation. Resources are not unlimited in reality.

Answer:

The distribution of resources to meet people's wants and needs