Want to create interactive content? It’s easy in Genially!
Efficiency Presentation
Temi Onabajo (10HKF)
Created on November 12, 2024
Start designing with a free template
Discover more than 1500 professional designs like these:
Transcript
AN ECONOMICS PRESENTATION
By Temi Onabajo
Efficiency
06/10/18
Ending
Dynamic Efficiency
Allocative Efficiency
Productive Efficiency
Index
Productive Efficiency
01
In microeconomic theory, productive efficiency is a situation in which the economy or an economic system operating within the constraints of current industrial technology cannot increase production of one good without sacrificing production of another good An example of this can be when firms replace human labor with automation, manufacturers are able to increase output while reducing costs
You can write a subtitle here
What is Productive Efficiency
Allocative Efficiency
02
- A society with a younger population has a preference for production of education, over production of health care
Examples
Allocative efficiency is a state of the economy in which production is aligned with the preferences of consumers and producers; in particular, the set of outputs is chosen so as to maximize the social welfare of society
What is Allcoative Efficiency?
Dynamic Efficiency
03
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
You can write a subtitle here
You can write a title here
LOREM IPSUM DOLOR
Thank you!
In economics, dynamic efficiency is achieved when an economy invests less than the return to capital; conversely, dynamic inefficiency exists when an economy invests more than the return to capital. In dynamic efficiency, it is impossible to make one generation better off without making any other generation worse off.