Efficiency (economics)

From Biocrawler, the free encyclopedia.

Economic efficiency is a general term for the value assigned to a situation by some measure designed to capture the amount of waste or "friction" or other undesirable and undesirable economic features present.

There are several measures of economic efficiency, including:

• Pareto efficiency
• Kaldor-Hicks efficiency
• X-efficiency
• Allocative efficiency

For applications of these principles see:

• Efficient market hypothesis
• Welfare economics
• Production theory basics

See also

• Business efficiency
• Inefficiency

ja:効率性

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