Answer:
Efficient allocation of resources results in the fulfillment of many needs and wants of the society because when there is a proper allocation, the resources can be saved for future use. It protects the resources from getting wasted. Resource allocation can help develop factors in an appropriate way that fulfills the needs of society, and this needs to help the business work in an efficient way that helps everyone grow. Resource allocation will be the one method used to understand that resources are scarce and, if not managed in an appropriate way, will diminish.