What is the process of assigning resourc

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Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Introduction

Question:

What is the process of assigning resources to the production of different goods and services called as?

Options:

Allocation

Production

De allocation

None of the above

Correct Answer:

Allocation

Explanation:

Allocation is the process of assigning resources to the production of different goods and services in the economy.