economic efficiency
Sign in to savesituation in which nothing can be improved without something else being hurt
Wikidata facts
- Subclass of
- efficiency
Show 2 more facts
- topic's main category
- Category:Economic efficiency
- different from
- efficient-market hypothesis
Sources (2)
via Wikidata · CC0
~6 min read
Encyclopedic overview
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.
Excerpted from Wikipedia’s “economic efficiency” article, available under the CC BY-SA 4.0 licence.