Equity and Efficiency Trade-Off

EQUITY AND EFFICIENCY trade-off refers to the idea that while free markets perform quite well in producing economic efficiency, the market mechanism does not necessarily produce outcomes that a society would judge to be equitable. If a society values equity, ...

  • Loading...
locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles