Which of the following will be accomplished by efficient allocations of the factors of production?
A. Ensuring economic profitability
B. Understanding whether a product will fail
C. Fulfilling many needs and wants of society
D. Replenishment of limited sources

Respuesta :

The answer is C, Fulfilling many needs and wants of society

Correct answer choice is :


C) Fulfilling many needs and wants of society

Explanation:

In economics, factors of production, resources, or figures are what is used in the composition process to produce a product that is, finished goods and services. The used amounts of the several inputs determine the amount of output according to the connection named the production function.