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Allocative Efficiency

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Allocative efficiency
Allocative efficiency is a state of the economy in which production represents consumer preferences; in particular, every good or service is produced up to the point where the last unit provides a marginal benefit to consumers equal to the marginal cost of producing. At the point of allocative efficiency, price is equal to marginal cost. At this point the social surplus is maximized with no deadweight loss, or the value society puts on that level of output produced minus the value of resources used to achieve that level, yet can be applied to other things such as level of pollution. Allocative efficiency is the main tool of welfare analysis to measure the impact of markets and public policy upon society and subgroups being made better or worse off.

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Allocative efficiency
Allocative efficiency
  • (Econ) Hiệu quả phân bổ.
      + Việ sản xuất ra tổ hợp sản phẩm tốt nhất hay tối ưu các sản phẩm bằng các kết hợp hiệu qủa nhất các đầu vào.

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Dizionario inglese-italiano 1.0.012

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