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31 July, 23:16

Q: What determines the balance of production and consumption?

A) services

B) scarcity

C) resources

D) inadequacy

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Answers (1)
  1. 31 July, 23:33
    0
    Resources is referred to as the available asset that can be used for further purposes may it be for business or consumption. This is what determines the balance between the production and consumption for without these, production would not be possible and if nothing is produced, nothing would also be consumed. Resources come in different forms and each has its own availability. Answer for this would be C.
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