63.5k views
2 votes
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

2 Answers

4 votes

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

User Tzik
by
7.4k points
5 votes

Correct answer choice is :


C) Fulfilling many needs and wants of society

Step-by-step 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.


User Jan Kotek
by
7.4k points