economic efficiency
Sign in to savesituation in which nothing can be improved without something else being hurt
~6 min read
Article
In microeconomics, economic efficiency, depending on the context, is usually one of the following two related concepts:
Allocative or Pareto efficiency: any changes made to assist one person would harm another.
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economic production
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laissez faire
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market failure
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economic equilibrium
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engineering
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International Standard Book Number
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business
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market
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microeconomics
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digital object identifier
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neoliberalism
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market economy
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monetary policy
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fiscal policy
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Austrian school
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mathematical optimization
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economic system
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classical economics
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classical liberalism
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