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The Different Types of Economic Efficiency
12:42
YouTubeSpectrum Economics
The Different Types of Economic Efficiency
This video looks at three types of efficiency. They are productive efficiency, allocative efficiency, and Pareto efficiency. General equilibrium is also briefly explained. Productive efficiency looks at the efficiency of the production of outputs. Productive efficiency is often explained using a Production Possibility Frontier (PPF). The ...
3.4K viewsAug 25, 2017
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