Examlex
Typically a systems analysis
Utilities Possibilities Frontier
A graphical representation that shows the maximum number of goods or services that two countries can produce using their resources efficiently.
Efficient
Achieving maximum productivity with minimum wasted effort or expense; effectively utilizing resources.
Equitable
Fair and impartial treatment or distribution, often in the context of socio-economic policies.
Excess Supply
When the quantity supplied of a good exceeds the quantity demanded.
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