1,513
edits
Changes
Jump to navigation
Jump to search
mLine 1:
Line 1: − +
Allocative efficiency (view source)
Revision as of 18:12, January 18, 2008
, 18:12, January 18, 2008no edit summary
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.
'''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.
In other words, this is an optimal allocation of resources or goods.
[[Category:Economics]]
[[Category:Economics]]