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defined as a social science which deals with the proper allocation and efficient use of available resources for the maximum satisfaction of human wants

Sagot :

Answer:

An efficient allocation of resources occurs when we produce the goods and services that people value most highly.

Allocation of resources, apportionment of productive assets among different uses. Resource allocation arises as an issue because the resources of a society are in limited supply, whereas human wants are usually unlimited.

(I hope it helps)