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What is Economic Efficiency
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.Productive efficiency: no additional output of one good can be obtained without decreasing the output of another good, and production proceeds at the lowest possible average total cost.
How you will benefit
(I) Insights, and validations about the following topics:
Chapter 1: Economic efficiency
Chapter 2: Economics
Chapter 3: Keynesian economics
Chapter 4: Microeconomics
Chapter 5: Neoclassical economics
Chapter 6: Perfect competition
Chapter 7: Pareto efficiency
Chapter 8: General equilibrium theory
Chapter 9: Market failure
Chapter 10: New Keynesian economics
Chapter 11: Economic globalization
Chapter 12: Production-possibility frontier
Chapter 13: Welfare economics
Chapter 14: Allocative efficiency
Chapter 15: Economic problem
Chapter 16: Productive efficiency
Chapter 17: Schools of economic thought
Chapter 18: Neoclassical synthesis
Chapter 19: New classical macroeconomics
Chapter 20: Economic growth
Chapter 21: Profit (economics)
(II) Answering the public top questions about economic efficiency.
(III) Real world examples for the usage of economic efficiency in many fields.
Who this book is for
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Economic Efficiency.
