Ace your courses with our free study and lecture notes, summaries, exam prep, and other resources View week 2 notes_ efficiency and equity.pdf from economics 369 at university of toronto, mississauga A big issue in economics is the tradeoff between efficiency and equity
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Efficiency is concerned with the optimal production and allocation of resources given existing factors of production
For example, producing at the lowest cost
Different types of efficiency « equity is concerned with how resources are distributed throughout society Vertical equity is concerned with the. Lastly, the global equity index for the next 10 years is predicted based on a panel data autoregressive model The results of the study will be a reference for global equity strategies.
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