Economic Efficiency
Keywords:
Economy, developmentAbstract
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. A system is considered economically efficient if the factors of production are used at a level at or near their capacity.
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Published
2024-01-31
How to Cite
Zarina, N. (2024). Economic Efficiency. Information Horizons: American Journal of Library and Information Science Innovation (2993-2777), 2(1), 326–329. Retrieved from https://grnjournal.us/index.php/AJLISI/article/view/3136