Economics B A-Level
Economic efficiency
What Economic efficiency means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Economic efficiency
Check what you remember
Read the wording for your board, then hide it and explain Economic efficiency in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
What intervention seeks to improve in contexts such as environmental pollution or under-provision of education.
Topics that use Economic efficiency
- Government intervention and failure (Pearson Edexcel A-Level)
Related terms
- Government failure
- Indirect taxation
- Information gaps
- Resource allocation
- Social welfare
- Legislation
- Regulation
- Unintended consequences
Using Economic efficiency in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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