Static and Dynamic Efficiency Explained
This short revision video covers the key difference between static and dynamic efficiency. Making reference to efficiency ideas is hugely important in getting strong analysis marks and it also helps support better evaluation in your longer economics exam answers.
#aqaeconomics #ibeconomics #edexceleconomics
Пікірлер: 4
Thank you very much for this. I struggle with concepts when they are explained purely conceptually. Examples are a super helpful addition.
Thank you sorry what is similarity between static and dynamic efficiency?
@arunramsacademy
2 жыл бұрын
Efficient utilization of resources. (But at different points in time ) static one is at a point in time. Dynamic is over a period of time. Also watch Arun Rams Academy on KZread. Thank u!! Best wishes 🎂🌺
Why is a government intervention of donee beneficiary backed credit expiring payment installment surplus producer value (contractor profit IS labor too, leisure is preferred, and the steady state is 0x/0y gradient), and not cash:debt by annual income but treasury debit share split? Supply marginal fixed startup costs is only more inelastic than demand when exclusionary material, structures, equipment or IP, expiring payment installment tapered with consumer surplus price controls.