What does allocative efficiency mean?
What does allocative efficiency mean? What is allocative efficiency example? Allocative efficiency means that the particular mix of goods a society produces represents the combination that society most desires. For example, often a society with a younger population has a preference for production of education, over production of health care. What is allocative efficiency in … Continue reading What does allocative efficiency mean?
Copy and paste this URL into your WordPress site to embed
Copy and paste this code into your site to embed