To ensure optimal benefit to an economy,corporations should apply which of the following resources in the most efficient way possible?
A)Energy and time
B)Factories and machinery
C)Plant and equipment
D)Capital and labour

Question

Quizplus · Accepted Answer

Capital and labor are the essential resources needed to produce goods and services. By using these resources efficiently, corporations can maximize their output and revenue while minimizing their costs. Inefficient use of capital and labor can lead to underutilization of resources and lower productivity, resulting in lower profits and economic growth. Therefore, it is crucial for corporations to allocate these resources effectively to ensure the optimal benefit to the economy.

To Ensure Optimal Benefit to an Economy,corporations Should Apply Which