The conversion of resources to satisfy wants is described as

Question

Quizplus · Accepted Answer

Production refers to the process of converting resources into goods and services that can satisfy wants and needs. Consumption refers to the use of goods and services to satisfy wants and needs, distribution refers to the process of getting those goods and services to consumers, and conservation refers to the preservation or protection of resources for future use. Therefore, the best choice is C.

The Conversion of Resources to Satisfy Wants Is Described as