___________ is the ratio of available goods and services to the potential resources of the community or the country.

Related MCQs

• ___________ is a common measure of how well a country, industry, or business unit is using its resources (or factors of production).
• __________ is responsible for all the activities related to production of goods and services.
• Typical differences between goods and services do not include _____________.
• To facilitate, international trade of Goods & Services is the objective of ________________.
• Which of the following inputs has the greatest potential to increase productivity?
• Planning and controlling the quality of products and services is a ________ type of decision.
• Materials should be made available at right quantity, right place, right price and at right __________.
• ___________ dimensions of business definition specify what activities are to be undertaken to produce and deliver products/services.
• Every foot of available space should be used effectively is a principle of _________.
• The function of _______________ involves the decision when, what,how, and why to produce goods.