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.
When two people share the same set of earphones by using one each
After I had earphone sex with her, there was wax all over one of my h..
1.
1. insering male genitals, typically the head and/or shaft of the penis into ones mouth and puffing as if you were smoking.
2. A libera..
