The theory of value is closely related to that of allocative efficiency, the quality by which firms produce those goods and services most valued by society.

价值理论和分配效率密切相关。分配效率指企业生产社会认为最有价值的商品和服务。

youdao

Their demand steers the allocative process.

他们的需求左右着调配的过程。

youdao

Today in Australia I think that the allocative and the dynamic efficiency is much more important.

希尔莫教授认为，现在在澳大利亚，配置效率和动态效率更为重要。

youdao

The fundamental problem for the allocative efficiency of competitive markets arises from externalities.

ECONOMIST: Defending guns

It is not merely one of a number of possible allocative mechanisms.

FORBES: The Greatest Thinker You've Never Read: Ludwig von Mises

The basic claim is that the government should change endowments with transfers, but allocative efficiency is maximized by letting individuals choose their utility maximizing consumption bundle.

FORBES: Paternalism and Welfare