Question

Which one is more efficient regarding the triple equality of efficiency?

Answer 1

Answer:

Markets produce efficient outcomes when they work properly, but the outcome may not be equitable according to your or my sense of fairness.

There are several different types of economic efficiency. The five most relevant ones are allocative, productive, dynamic, social, and X-efficiency. Allocative efficiency occurs when goods and services are distributed according to consumer preferences.

Efficiency means that society is getting the maximum benefits from its scarce resources. Equality means that those benefits are distributed uniformly among society's members... ... There is a way to reallocate the scarce resources (in that case the employees) to better achieve the goal of maximizing donations

Explanation:

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