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Trade and Economic Efficiency

Level:: A-Level

Board:: AQA, Edexcel, OCR, IB, Eduqas, WJEC

Last updated 21 Mar 2021

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In theory, trade in goods and services ought to bring about a more efficient allocation of scarce resources. This short revision video looks at how trade can influence allocative, productive, dynamic and X-inefficiency in markets - it is diagram-free!