Economic efficiency could either be technical efficiency or allocative efficiency.
Allocative Efficiency and Quality of Guard Services
Economists call this result “allocative efficiency.
Efficiency includes three types (technical efficiency, allocative efficiency and
First, some of the regulations being proposed or introduced might well have downsides for allocational efficiency.
The concept of productive efficiency was first introduced by Michael Farrell (1957) who argued that there were two components of efficiency: technical efficiency (TE) and allocative efficiency (AE).
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