Examlex
Which decision making process is structured to work best for employees working remotely?
Economic Efficiency
A state where resources are allocated in a way that maximizes the production of goods and services without wasting any resources.
External Benefit
A benefit that results from an activity but affects uninvolved third parties who did not choose to incur that effect, often leading to market inefficiencies.
Inefficient Equilibrium
A state in a market where resources are not allocated optimally, leading to wastage or loss of potential gain.
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