'Inefficient allocation' diaporamas de présentation

CHAPTER 5 Efficiency

CHAPTER 5 Efficiency. Efficiency: A Refresher. According to economists, allocative efficiency means the resources have been used to produce the goods and services that people value the most. Efficiency: A Refresher.

577 views • 42 slides

Price and Quantity Controls

Price and Quantity Controls. Mr. Bordelon AP Economics. Price Controls. Price control. A legal restriction on how high or low a market price may go. Price controls are enacted by governments in response to political pressures from buyers and sellers.

547 views • 37 slides

General Equilibrium Analysis

General Equilibrium Analysis. Partial equilibrium analysis assumes that activity in one market is independent of other markets. General equilibrium analysis determines the prices and quantity in all markets simultaneously and takes the feedback effect into account.

1.59k views • 29 slides

Organizational Barriers and Equity: Lessons from Decentralization in LAC

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Conflicts in Government Policy Objectives

Conflicts in Government Policy Objectives. Policy Objectives. Economic Objectives: Unemployment/Employment Inflation Economic Growth Balance of Payments. Policy Objectives. Non-economic Objectives: Poverty Health Education Pensions Equity Crime Social care Welfare Productivity

835 views • 18 slides

Price level

Price level. Petr Wawrosz. What is price level. Theoretical concept expressing all prices in economics Aggregate indicators of all prices in economy We are not able to measure (to identify) all prices in economy (prices of all goods, final and capital goods)

314 views • 16 slides

DEMAND AND SUPPLY APPLICATIONS

5. DEMAND AND SUPPLY APPLICATIONS. CHAPTER. Price Rationing. The process by which the market system allocates goods and services to consumers when quantity demanded exceeds quantity supplied.

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SA LOCAL GOVERNMENT PROCUREMENT FORUM

SA LOCAL GOVERNMENT PROCUREMENT FORUM. Evaluation Methodologies Total Lowest Cost vs Value for Money Probity

169 views • 9 slides