Explain underutilization of resources in detail?
Asked by abhishek240624
26th April 2018,
11:47 AM
Answered by Expert
Answer:
Under utilisation of resources means a situation were the resources are inefficiently used in teh production process. A point, lying below the production possibility curve shows under utilisation of resources or inefficient utilisation of resources. In this situation, actual output is less than the potential output.
Answered by Expert
27th April 2018,
9:55 AM
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