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Politics is the allocation of limited resources

Allocation of resources, apportionment of productive assets among different uses. Resource allocation arises as an issue because the resources of a society are in limited supply, whereas human wants are usually unlimited, and because any given resource can have many?alternative?uses....
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In free-enterprise systems, the?price system?is the primary mechanism through which resources are distributed among the uses most desired by consumers. In planned economies and in the public sectors of mixed economies, the decisions regarding resource distribution are political. Within the limits of existing technology, the aim of any economizing?agency?is to?allocate?resources in a manner that obtains the maximum possible output from a given combination of resources.....
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