There are different factors of production. The option that will be accomplished by efficient allocations of the factors of production is fulfilling many needs and wants of society.
What is the efficient allocation of resources?
An efficient allocation of human or any resources often takes place when the society is consuming its scare resources in the right/ useful way.
An example is to create the highest level of numbers of goods and services that the people or consumers want to buy really, given their amount.
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