Question

The economic principle that helps ensure that scarce resources are allocated efficiently is

Answer 1

Answer:

The economic principle that helps ensure that scarce resources are allocated efficiently is "the profit motive."

Explanation:

In economics, the profit motive is the inspiration of organizations that function so as to exploit their profits. Conventional micro-economic concept suggests that the eventual goal of a commercial is to make money. Specified differently, the aim for a business's presence is to chance a profit. The profit motive is the craving to make money. In a free market (where people willingly swap money, goods and services, the profit motive agrees who grows what. In theory, the profit motive dispenses resources efficiently, but in practice there are some problems.