Blog
Revision: Types of Economic Efficiency
2nd December 2010
What are the main types of efficiency and when should I use them in the exams?
If you are stretching for a high grade at AS and/or A2 you will need to use efficiency concepts in your exam answers – so these notes should be useful! Economic efficiency is about making the best or optimum use of our scarce resources among competing ends so that economic and social welfare is maximised over time. Download this two page revision note - covering some of the issues for AS and A2 exams.
Revision note:
Revision_Efficiency_Types_Exam_Uses.pdf
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.