Economics Made Economical

Tip of the Day 10: What Is Efficiency?

Economic Efficiency is a market equilibrium point where supply and demand meet in a perfectly competitive industry. In a world where perfect economic efficiency exists, everything that is produced or consumed is done in the way that maximizes society’s gross utility. When a market is efficient there is no net loss of utility to society, including either producer or consumer. The Fair Tax system improves the USA’s efficiency relative to the present system.




    1. Why Does The Fair Tax Increase Economic Efficiency? « Econoblog
    2. FCC Presents Congress With Net Neutrality Regulations « Econoblog
    3. Supply and Demand « Econoblog
    4. Vocab of the Day: Investment « Econoblog
    5. Even More Benefits of the Fair Tax « Econoblog

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