economic inefficiency

См. также в других словарях:

• Economic shortage — is a term describing a disparity between the amount demanded for a product or service and the amount supplied in a market. Specifically, a shortage occurs when there is excess demand; therefore, it is the opposite of a surplus. Economic shortages …   Wikipedia

• Inefficiency — The term inefficiency has several meanings depending on the context in which its used:*Allocative inefficiency Allocative efficiency theory says that the distribution of resources between alternatives does not fit with consumer taste (perceptions …   Wikipedia

• 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 planning — Use of government to make economic decisions with respect to the use of resources. In communist countries with a state planning apparatus, detailed and rigid planning results in a command economy; land, capital, and the means of production are… …   Universalium

• 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

• inefficiency — noun ADJECTIVE ▪ gross ▪ inherent ▪ bureaucratic, government ▪ economic, market VERB + INEFFICIENCY …   Collocations dictionary

• 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 — adj. Economic is used with these nouns: ↑achievement, ↑activity, ↑advance, ↑advancement, ↑advantage, ↑adviser, ↑affair, ↑agenda, ↑aid, ↑analysis, ↑appraisal, ↑ …   Collocations dictionary

• Noise (economic) — Economic noise, or simply noise, describes a theory of pricing developed by Fischer Black. To Black, noise is the opposite of information. Sometimes it s hype, other times it s inaccurate ideas, other times it s inaccurate data; noise has many… …   Wikipedia

• X-inefficiency — is the difference between efficient behavior of firms assumed or implied by economic theory and their observed behavior in practice.Economic theory assumes that the management of firms act to maximize owners wealth by minimizing risk and… …   Wikipedia

• x-inefficiency — ˌx inefˈficiency noun [uncountable] when a business does not achieve the best results in the most economic way in relation to the number of employees, machines etc it has: • A firm’s X inefficiency is measured by how much it differs from the… …   Financial and business terms