Want this question answered?
When there is allocative and productive efficiency, there is an efficient market equilibrium, allocative efficiency is when the products that are most wanted are produced, this is achieved when price equals marginal cost, productive efficiency is achieved when the firm is producing on the lowest point on the lowest average cost curve, this is also called the point of technical efficiency, both allocative and productive efficiency lead to an optimum allocation of resources and economic efficiency is achieved, though, this is thought to exist only in a perfectly competitive market and is lacking in other markets because monopolies and oligopolies usually have their prices above marginal cost and that is not an efficient allocation of resources and because other markets may lack the incentive to produce at the lowest cost
The Working Group on Financial Markets (colloquially the Plunge Protection Team) was established explicitly in response to events in the financial markets surrounding 19th October 1987, known as Black Monday. They were to give recommendations for solutions for "enhancing the integrity, efficiency, orderliness, and competitiveness of financial markets and maintaining investor confidence".
Increased mobility allows producers to move jobs to lower-cost labor markets.
Economic efficiency is said to be achieved when both the conditions of productive and allocative efficiency are fulfilled. Productive efficiency arises when productin is carried out at lowest cost, i.e, at minimum average cost. On the other hand allocative efficiency arises when resources are allocated to teh production of those goods and services which consumers demand the most. This efficiency arises when price is equal to teh marginal cost of the good or service. Economic efficiency exists in the idealistic perfect market model of perfect competition. However this market structure barely exists. Imperfections exist in all markets. Moreover even if a market is eficient there may be a misallocation of resources which does not give rise to wellbeing of the economy. Hence economic efficiency does not necessarily lead to welfare economics.
Primary markets can not function well without secondary markets
The efficiency continuum refers to capital markets. Within a capital market, if something is reasonable and efficient to the market, it is said to be on the efficiency continuum.
Financial globalisation refers to the increasing interconnectedness and integration of financial markets across countries. It involves the cross-border flow of capital, investments, and financial services, as well as the harmonization of financial regulations and institutions on a global scale. Financial globalisation has both benefits, such as increased efficiency and access to capital, as well as risks, such as volatility and contagion in financial markets.
The European Union.
Richard Urwin has written: 'Efficiency in the forward markets for foreign exchange'
Ahmad Moh'd Refai has written: 'Weak form efficiency in emerging markets'
Andrew D. Clare has written: 'Integration and efficiency of international bond markets'
stability
stability
stability
Generally in supermarkets or markets, we import them from warmer climates.
stability
Sometimes. It depends on the market and competition in it. The rule of thumb is that it generally works very similiarly