AudreinjThomasalam AudreinjThomasalam

11-04-2017
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Economic efficiency is achieved when social surplus is maximized consumer surplus is equally distributed

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Erudite1 Erudite1

13-04-2017

Economic efficiency is an economy state in which every resource is put to optimum use to serve everyone in the best way while minimizing waste and inefficiency. Economic efficiency is achieved when the welfare of one individual can not be improved without subsequently lowering the welfare of another.

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