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Economic Efficiency And The Role Of The State In Market Economy

Author

Listed:
  • ROŞCA, Petru

    (Free International University of Moldova, 52 Vlaicu Parcalab street, Chișinău, Republic of Moldova,)

Abstract

Economic efficiency emerges after comparing the effects of some action with the efforts needed to produce it and has general applicability in decision-making in any country. It can be said that economic efficiency is closely related to the use of resources in the economy and its essential feature is the stress/effects causal ratio. In the competitive system of the free market, the activity of the economic agents provides performance to the extent that it has a high efficiency. Any human activity is, at the same time, resources consuming and effects producing

Suggested Citation

  • ROŞCA, Petru, 2017. "Economic Efficiency And The Role Of The State In Market Economy," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 17(1), pages 35-41.
    • Handle: RePEc:ris:sphecs:0350
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    More about this item

    Keywords

    economic efficiency; effects; efforts; performance; productive efficiency;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines

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