which of the following will be accomplished by efficient allocations of the factors of production…
which of the following will be accomplished by efficient allocations of the factors of production? guaranteeing economic success understanding whether a product will fail fulfilling many needs and wants of society replenishment of limited resources
Answer
Brief Explanations:
Efficient allocation of factors of production helps in producing goods and services that meet society's needs and wants. It doesn't guarantee economic success as other factors are involved. It can't determine product failure precisely. And it doesn't replenish limited resources directly; rather, it uses them optimally.
Answer:
C. fulfilling many needs and wants of society