An efficient allocation of resources is also an equitable allocation of resources.

Question

Quizplus · Accepted Answer

An efficient allocation of resources is based on maximizing productivity and output, regardless of how the benefits are distributed. It may not take into account the needs or preferences of different individuals or groups, and as a result, it may not be equitable. Equitable distribution of resources involves considering the needs and preferences of all stakeholders, and ensuring that the benefits are distributed fairly. Thus, an efficient allocation of resources does not necessarily mean an equitable allocation of resources.

An Efficient Allocation of Resources Is Also an Equitable Allocation