In welfare economics, distributive efficiency occurs when goods and services are received by those who have the greatest need for them. Abba Lerner first proposed the idea of distributive efficiency in his 1944 book The Economics of Control.
Read more about Distributive Efficiency: The Law of Diminishing Marginal Utility, Diminishing Utility and Society, Criticisms of Utility's Relevance
Famous quotes containing the word efficiency:
“I’ll take fifty percent efficiency to get one hundred percent loyalty.”
—Samuel Goldwyn (1882–1974)