Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
A → B → D → C
B
B → A → C → D
C
A → C → D → B
D
B → D → A → C
Understanding the Answer
Let's break down why this is correct
Answer
The resource allocation process begins with evaluating the wants and needs of society, which helps understand what people require most. Next, we identify the limited resources available, such as time, money, or materials, since these are not enough to satisfy all wants. After understanding both the needs and the limitations, we make decisions on how to best use these resources to meet those needs. Finally, we distribute the resources based on priorities, ensuring that the most important needs are addressed first. For example, if a community has limited funds, it might choose to allocate money to essential services like healthcare and education before spending on less critical areas.
Detailed Explanation
First, we need to know what resources we have and what people want. Other options are incorrect because This option suggests we evaluate wants before knowing our resources; This choice skips important steps.
Key Concepts
Resource Allocation
Scarcity
Economic Efficiency
Topic
Resource Allocation and Scarcity
Difficulty
easy level question
Cognitive Level
understand
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