which of the following will be accomplished by efficient allocations of the factors of production?\nguarantee…
which of the following will be accomplished by efficient allocations of the factors of production?\nguaranteeing economic success\nunderstanding whether a product will fail\nfulfilling many needs and wants of society\nreplenishment of limited resources
Answer
Brief Explanations:
Efficient allocation of production factors helps in using resources optimally to produce goods and services that meet society's needs and wants. It doesn't guarantee economic success as there are other factors involved. It also doesn't directly help in understanding product - failure or replenishing limited resources.
Answer:
fulfilling many needs and wants of society