economic efficiency, depending on the context, is usually one of the following two related concepts:[citation needed] Allocative or Pareto efficiency:...
8 KB (952 words) - 20:44, 25 July 2024
resources and technology. Sometimes, this type of economic efficiency is referred to as the Koopmans efficiency. Keynesian inefficiency might be defined as...
11 KB (1,520 words) - 13:58, 25 June 2024
civil engineer and economist, who used the concept in his studies of economic efficiency and income distribution. Pareto originally used the word "optimal"...
37 KB (5,035 words) - 22:22, 5 August 2024
Economics (redirect from Economic science)
new car. Economic efficiency measures how well a system generates desired output with a given set of inputs and available technology. Efficiency is improved...
175 KB (17,838 words) - 12:08, 14 August 2024
analyzes and synthesizes workflows. Its main objective is improving economic efficiency, especially labor productivity. It was one of the earliest attempts...
58 KB (7,332 words) - 15:17, 17 July 2024
Deadweight loss (redirect from Efficiency loss)
producers and consumers. Deadweight loss can also be a measure of lost economic efficiency when the socially optimal quantity of a good or a service is not...
16 KB (2,341 words) - 20:10, 13 May 2024
microeconomic theory, productive efficiency (or production efficiency) is a situation in which the economy or an economic system (e.g., bank, hospital, industry...
6 KB (680 words) - 07:41, 26 January 2023
Belgian Blue (section Economic efficiency)
For these reasons and others, the breed's overall production efficiency in an economic sense is still unclear. Wikimedia Commons has media related to...
11 KB (1,224 words) - 03:41, 4 July 2024
Quest for Economic Efficiency (1972), p. 292. Feiwel, Quest for Economic Efficiency (1972), p. 306. Feiwel, Quest for Economic Efficiency (1972), p....
58 KB (8,201 words) - 20:59, 31 May 2024
The efficiency–thoroughness trade-off principle (or ETTO principle) is the principle that there is a trade-off between efficiency or effectiveness on...
4 KB (378 words) - 06:08, 7 November 2023