Teaching PowerPoints
3.4.1 Economic Efficiency (Edexcel A-Level Economics Teaching PowerPoint)
- Level:
- A-Level
- Board:
- Edexcel
Last updated 14 Sept 2023
This editable and downloadable PowerPoint covers the different types of economic efficiency.
In a nutshell, economic efficiency is all about maximizing the use of resources to produce goods and services in the best possible way. It's about getting the most bang for your buck! More specifically, economic efficiency involves allocating resources in a way that maximizes production while minimizing costs. It also involves minimizing waste and inefficiency in production, distribution, and consumption. The ultimate goal of economic efficiency is to maximize social welfare - basically, the greatest good for the greatest number of people.
Download this free tutor2u resource
You might also like
Monopoly Power in Markets
Topic Videos
Shazam turns to image recognition
30th May 2015
Small Is Beautiful - The Rise of Craft Brewing
1st January 2016
Changing Economics of Urban Farming
26th October 2017
Inside an ultra-efficient BMW factory
17th April 2018
Economies of Scale and Consumer Surplus
Topic Videos
Wonderful examples of cross-industry innovations
18th February 2023
Related products
-
-
Revision FlashcardsTheme 1 Revision Flashcards for Edexcel A-Level Economics
02-4130-30067-03
£9.95 inc VAT -
- View full selection ›