Economy, asked by Sbchobi9064, 11 months ago

Analysis of resources allocation and economic efficiency

Answers

Answered by Rajputadarshsingh3

15

Answer:

An efficient allocation of resources is: That combination of inputs, outputs and distribution of inputs, outputs such that any change in the economy can make someone better off (as measured by indifference curve map) only by making someone worse off (pareto efficiency).

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