Allocative & Technical Efficiency, Comparative Advantage and Free markets. - £2.99   Add to cart

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Lecture notes

Allocative & Technical Efficiency, Comparative Advantage and Free markets.

Discussion of Allocative & Technical Efficiency and how they help allocate resources. Comparative Advantage is also explained and how it helps to increase GDP when trade off and specialisation is made to tasks. There is a brief summary of the two types of statements: Normative & Positive. Lastly ...

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