What is meant by the problem of allocation of resources?

1.	What is meant by the problem of allocation of resources?
Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :The problem of allocation of <a href="https://interviewquestions.tuteehub.com/tag/resources-11387" style="font-weight:bold;" target="_blank" title="Click to know more about RESOURCES">RESOURCES</a> arises due to the <a href="https://interviewquestions.tuteehub.com/tag/scarcity-1195678" style="font-weight:bold;" target="_blank" title="Click to know more about SCARCITY">SCARCITY</a> of resources, and refers to the question of which wants should be <a href="https://interviewquestions.tuteehub.com/tag/satisfied-636887" style="font-weight:bold;" target="_blank" title="Click to know more about SATISFIED">SATISFIED</a> and which should be left unsatisfied. In other words, what to produce and how much to produce.</body></html>

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