Do Government Policies Usually Improve Upon Both Equality And Efficiency? Government policies usually improve upon both equality and efficiency. As long as the economic pie continually gets larger, no one will have to go hungry. … Efficiency refers to the size of the economic pie; equality refers to how the pie is divided. Is equality
How Do You Measure Efficiency And Effectiveness? Organizational performance = effectiveness x efficiency; Total asset turnover ratio measures the ability of a company to use its assets to efficiently generate sales; therefore it can be treated as efficiency. How do you measure efficiency? Efficiency is measured by dividing a worker’s actual output rate by the
Is It Necessary That A Technically Efficient Firm Is Economically Efficient? Technical efficiency is really a prerequisite for economic efficiency. This means that in order to achieve economic efficiency, one should have achieved technical efficiency. Only if technical efficiency is achieved can one get better economic efficiency. Are technologically efficient and economically efficient same thing?
What Are Factors That Impede The Attainment Of Economic Efficiency Called? Factors that impede the attainment of economic efficiency in the public sector are called: government failures. Do US federal government’s largest unfunded liability is? The U.S. federal government’s largest unfunded liability is: Social Security. Why is the private sector more efficient than the public