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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


Economic efficiency implies an economic state in which every resource is optimally allocated to serve each individual or entity in the best way while minimizing ...

What is economic efficiency? definition and meaning


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


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 ...


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 ...


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


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

Economic Efficiency | Economics | tutor2u


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

Economic Efficiency | Economics | tutor2u


This is a revision presentation on economic efficiency.

Concepts of Economic Efficiency and Educational Production


Volume URL: http://www.nber.org/books/jami76-1. Publication Date: 1976. Chapter Title: Concepts of Economic Efficiency and Educational. Production. Chapter ...

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
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