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Allocative efficiency (view source)

Revision as of 21:11, May 20, 2007

305 bytes added ,  21:11, May 20, 2007
New page: Allocative efficiency is another term for Pareto optimal: it is the economic situation when no person can make a trade or reallocation of resources that makes him better off without m...
Allocative efficiency is another term for [[Pareto optimal]]: it is the economic situation when no person can make a trade or reallocation of resources that makes him better off without making others worse off.

In other words, this is an optimal allocation of resources or goods.

[[Category:Economics]]
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