Answer to Question #247735 in Microeconomics for Sumit

Question

How can you utilize the limited resources to fulfill you needs as flower vender

Answer 1

Solution:

As a flower vendor, your income is likely to be insufficient to meet all of your requirements. As a result, it is critical to implement suitable cost-cutting strategies and budgetary controls. This will help you to prioritize which demands are critical and which are not, as well as rank them accordingly. This will help you to spend your finances more efficiently to meet your most pressing requirements while also preserving some funds for future needs.