Allocative Efficiency

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Allocative efficiency
Allocative efficiency is the market condition whereby resources are allocated in a way that maximizes the net benefit attained through their use. Allocative efficiency refers to a situation in which the limited resources of a country are allocated in accordance with the wishes of consumers. An allocatively efficient economy produces an "optimal mix" of commodities. A firm is allocatively efficient when its price is equal to its marginal costs (that is, P = MC) in a perfect market.
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Allocative efficiency
Allocative efficiency
(Econ) Hiệu quả phân bổ.+ Việ sản xuất ra tổ hợp sản phẩm tốt nhất hay tối ưu các sản phẩm bằng các kết hợp hiệu qủa nhất các đầu vào.
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Dizionario inglese-italiano 1.0.012Download this dictionary
ALLOCATIVE EFFICIENCY
EFFICIENZA ALLOCATIVA

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