ECONOMIC EFFICIENCY AND THE ROLE OF THE STATE IN MARKET ECONOMY

Petru Roşca ()
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Petru Roşca: Free International University of Moldova, 52 Vlaicu Parcalab street, Chișinău, Republic of Moldova,, Postal: Tel.: +37322220029; Fax: +37322220028,

Annals of Spiru Haret University, Economic Series, 2017, vol. 17, issue 1, 35-41

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

Keywords: economic efficiency; effects; efforts; performance; productive efficiency (search for similar items in EconPapers)
JEL-codes: A12 (search for similar items in EconPapers)
Date: 2017
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