|
ALLOCATIVE EFFICIENCY: Obtaining the most consumer satisfaction from available resources. Allocative efficiency means that our economy is doing the best job possible of satisfying unlimited wants and needs with limited resources -- that is, of addressing the problem of scarcity.
Visit the GLOSS*arama
|
|
![](../images/bar_teal.jpg)
|
![](../images/bar_dkblue.jpg)
![](../images/bar_dkblue.jpg)
|
|
BLUE PLACIDOLA [What's This?]
Today, you are likely to spend a great deal of time flipping through the yellow pages seeking to buy either a coffee cup commemorating the first day of spring or a printer that works with your stockpile of ink cartridges. Be on the lookout for the happiest person in the room. Your Complete Scope
This isn't me! What am I?
|
|
Al Capone's business card said he was a used furniture dealer.
|
|
"Old age isn't so bad when you consider the alternative. " -- Cato, Roman orator
|
|
BJE Bell Journal of Economics
|
|
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.
User Feedback
|
![](../images/bar_ltblue.jpg)
|