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solmaris [256]
3 years ago
15

What is accomplished by efficient allocations of the factors of production?

Social Studies
1 answer:
Stolb23 [73]3 years ago
3 0

Answer:

An efficient allocation of resources is: That combination of inputs, outputs and distribution of inputs, outputs such that any change in the economy can make someone better off (as measured by indifference curve map) only by making someone worse off (pareto efficiency).

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