Any allocation of resources by the society would result in the ....... of a particular combination of different goods and services.
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → Production
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Allocation of resources means deciding how a society’s limited resources (land, labour, capital, and entrepreneurship) are used to produce various goods and services.
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When resources are allocated, they determine what goods and services will be produced and in what quantities — i.e., the production of a particular combination of goods and services.