economic efficiency
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Economic efficiency — is used to refer to a number of related concepts. A system can be called economically efficient if: * No one can be made better off without making someone else worse off. * More output cannot be obtained without increasing the amount of inputs. * … Wikipedia
economic efficiency — ➔ efficiency … Financial and business terms
Economic Efficiency — A broad term that implies an economic state in which every resource is optimally allocated to serve each person in the best way while minimizing waste and inefficiency. When an economy is economically efficient, any changes made to assist one… … Investment dictionary
economic efficiency — the point at which the added cost of producing a unit of fish is equal to what buyers pay. Producing fewer fish would bring the cost lower than buyers are paying. Producing more fish would raise the cost higher than buyers are paying. Harvesting… … Dictionary of ichthyology
Economic efficiency — A term that refers to the optimal production and consumption of goods and services. This generally occurs when prices of products and services reflect their marginal costs. Economic efficiency gains can be achieved through cost reduction, but… … Energy terms
Economic democracy — is a socioeconomic philosophy that suggests a shift in decision making power from a small minority of corporate shareholders to a larger majority of public stakeholders. There is no single definition or approach for economic democracy, but most… … Wikipedia
Efficiency — as a technical term may refer to: * Algorithmic efficiency, optimizing the speed and memory requirements of a computer program * Efficient energy use, useful work per quantity of energy ** Energy conversion efficiency, desired energy output per… … Wikipedia
Economic pluralism — refers to the diversity of business types, and the economic ethos that drives their activities. It recognizes and embraces diversity of economic activity to include Non profit organizations, Collectives, Sustainability and Cooperatives as well as … Wikipedia
economic theory of law — the theory, often associated with Karl Marx, taking the view that law is a mere embellishment upon the exploitation of the proletariat. After revolution, the last function of the law would be to eradicate capitalism. In a technical (and non… … Law dictionary
Economic history of the People's Republic of China — Throughout most of the nineteenth and twentieth centuries, as during much of earlier Chinese history, the economy was barely able to meet the basic needs of the country s huge population the largest in the world. In normal years the economy… … Wikipedia
Economic growth — GDP real growth rates, 1990–1998 and 1990–2006, in selected countries … Wikipedia
