Economics
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Trade and Economic Efficiency
- Level:
- A Level
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 21 Mar 2021
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!
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