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In Economics / Senior High School | 2025-05-16

What do economists mean by "allocation"?
A. Saving all your money
B. Deciding how to distribute resources
C. Ignoring the needs of society
D. Giving everything to the government

Asked by Akosiyna60

Answer (1)

The correct answer is letter B. Allocation means deciding how to distribute scarce resources to meet people’s needs and wants. Good allocation helps society use its resources efficiently.

Answered by MaximoRykei | 2025-05-17