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.
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(v.i.) Out to lunch; not having it together; acting in a stupid way. Typically derogatory.
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One who speaks using slang terms from the black community. The inability or purposeful act of not moving your lips when talking to someo..
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