Concept
Version 7
Created by Boundless
Allocative Efficiency
Final goods
When an economy has allocative efficiency, it produces goods and services that have the highest demand and that society finds most desirable. For example, for the U.S. to achieve an allocative efficient market, it would need to produce a lot of coffee.
Source
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"All sizes | Ti(RED) | Flickr - Photo Sharing!."
http://www.flickr.com/photos/hryckowian/3084169856/sizes/m/in/photostream/
Flickr
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