Economy, asked by chowhanpriyama, 6 hours ago

what is an economical efficient allocation? how does an economically efficient allocation differs from an inefficient allocation

Answers

Answered by meena19600526

Answer:

Economic efficiency is when all goods and factors of production in an economy are distributed or allocated to their most valuable uses and waste is eliminated or minimized.

Answered by bhawnachaudhary370

Answer:

Economic efficiency is when all goods and factors of production in an economy are distributed or allocated to their most valuable uses and waste is eliminated or minimized.

Explanation:

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