Write the characteristics of economic formulation.

Economic formulation is a process used in the food industry to create products that are affordable, high-quality, and meet consumer demands. Economic formulation takes into account a wide range of factors, including the cost of ingredients, production efficiency, and consumer preferences. Here are some key characteristics of economic formulation:

1. Cost-effective: One of the primary goals of economic formulation is to create products that are affordable for consumers. _______ __________ ____ ___ _____ ________ ____ _________ __________ _____.
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