Allocative efficiency

From CNM Wiki
Jump to: navigation, search

Allocative efficiency is when the mix of goods being produced represents the allocation that society most desires.

Definition

According to Principles of Economics by Timothy Taylor (3rd edition),

Allocative efficiency. When the mix of goods being produced represents the allocation that society most desires.
Retrieved from "https://pravka.bskol.com/w/index.php?title=Allocative_efficiency&oldid=47297"