What is Economic Efficiency?
1.
The ability of an economic system to provide what people what, given their incomes. Given the fact that incomes and resources are both finite, efficiency will be of the utmost importance in determining if people's wants are satisfied by the workings of the economic system.
Free market economies usually provide high levels of economic efficiency.
See
Random Words:
1.
The first counter of a dare. Can only be countered by a triple-dog-dare.
Not to be confused with the television show "Double Dare..
1.
While someone is performing a handstand, their legs are held up in the air while others count how long he/she can drink the beer that is..
1.
See beer murderer and beer massacre.
The murder on a beer.
Guy. Dudes, yesterday i was high at that party and i commited a beer murder..
