Trade and Economic Efficiency
- Levels: A Level
- Exam boards: AQA, Edexcel, OCR, IB, Eduqas, WJEC
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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Curriculum Leader for Business Studies
Warden Park Secondary Academy, Haywards Heath, West Sussex
- Economics
- Student videos
- Trade Creation
- Free trade
- Dynamic efficiency
- Economic Efficiency
- Allocative efficiency
- Productive efficiency
Geoff Riley
Geoff Riley FRSA has been teaching Economics for 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.
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