what is the problem of fuller utilisation of resources?

Dear Student, 
The problem of fuller utilisation of resources is concerned with the efficient and optimum use of resources such that maximum amount of output can be produced with minimum wastage. As we know that every economy is endowed with limited amount of resources. This is basically due to the fact that the wants are unlimited and the resources can be allocated for the production of various alternative goods and services. Now, as these resources can be put to different usages there arises a need to allocate them appropriately so as to utilise them in the best possible manner. Thus, the resources are allocated in a manner so as to reach fuller and optimum utilisation of the available resources.

  • 4
What are you looking for?