THEORETICAL AND SCIENTIFIC PERSPECTIVES ON THE CONCEPT OF ECONOMIC EFFICIENCY
Keywords:
economic efficiency, allocative efficiency, productive efficiency, input-output analysis, cost-benefit analysis, productivity metrics, classical economics.Abstract
Economic efficiency is a fundamental concept in economics, influencing decision-making in both the public and private sectors. This article explores the various theoretical frameworks that define and measure economic efficiency, highlighting key approaches, methodologies, and factors that impact efficiency in diverse contexts. By examining empirical studies and case analyses, we aim to provide a comprehensive understanding of economic efficiency and its relevance in contemporary economic practices.
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