Web Results

Economic efficiency

en.wikipedia.org/wiki/Economic_efficiency

Strands of thought[edit]. There are two main strains of thought on economic efficiency, which respectively emphasize the distortions created by governments and ...

Economic Efficiency Definition | Investopedia

www.investopedia.com/terms/e/economic_efficiency.asp

A broad term that implies an economic state in which every resource is optimally allocated to serve each person in the best way while minimizing waste and ...

What is economic efficiency? definition and meaning

www.businessdictionary.com/definition/economic-efficiency.html

Definition of economic efficiency: The situation in which it is impossible to generate a larger welfare total from the available resources. In other words, the ...

Economic Efficiency | Economics Help

www.economicshelp.org/microessays/costs/efficiency/

The fundamental economic problem is a scarcity of resources. Definition of efficiency. Efficiency is concerned with the optimal production and distribution or  ...

Efficiency: The Concise Encyclopedia of Economics | Library of ...

www.econlib.org/library/Enc/Efficiency.html

Thus, economic efficiency is measured not by the relationship between the physical quantities of ends and means, but by the relationship between the value of ...

Economic Efficiency: Definition & Examples - Video & Lesson ...

study.com/academy/lesson/economic-efficiency-definition-examples.html

In this lesson, we will learn what economic efficiency means. We will then look at some factors that help define this type of economy. Lastly, we...

The Meaning of Economic Efficiency - Economics - About.com

economics.about.com/od/productivity/f/economic_eff.htm

Article answers the question "What does Economic Efficiency mean?" for those new to economics.

Concepts of Economic Efficiency and Educational Production

www.nber.org/chapters/c4491.pdf

Economic Efficiency. Stanford University and Educational. Production. L INTRODUCTION. The education industry has two characteristics which make it a prime.

Economic Efficiency: A Misunderstood Concept - The Imaginative ...

www.theimaginativeconservative.org/2016/02/economic-efficiency-a-misunderstood-concept.html

Feb 9, 2016 ... Economic efficiency is one of the most important concepts economists use to classify and understand the social world. Unfortunately, it is also ...

Economic Efficiency | Economics | tutor2u

www.tutor2u.net/economics/topics/economic-efficiency/reference

Economic efficiency indicates an economic state in which all resources are allocated to serve each person in the best way possible, minimising waste and ...

Answers
Economic Efficiency
A broad term that implies an economic state in which every resource is optimally allocated to serve each person in the best way while minimizing waste and inefficiency. When an economy is economically efficient, any changes made to assist one person... More »
Types of Efficiency in Economics
A market is called efficient when resources are used in a way that maximizes the production of goods and services at the lowest cost. Economic efficiency is a relative term; an economy is more efficient when it produces more goods and services for... More »
Difficulty: Easy
Source: www.ehow.com