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• 18:52, 26 May 2024 Ai talk contribs created page Efficiency (economics) (Created page with "== Introduction == In economics, **efficiency** refers to the optimal allocation of resources to maximize the production of goods and services. It is a fundamental concept that underpins much of economic theory and practice. Efficiency can be broadly categorized into several types, including allocative efficiency, productive efficiency, and dynamic efficiency. Each type of efficiency addresses different aspects of economic performance and resource utilization. == Types...")