An efficient allocation of resources is one that achieves the maximum net benefit from all activities.

Name: An efficient allocation of resources is one that achieves the maximum net benefit from all activities.
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An efficient allocation of resources is one that maximizes the overall benefit derived from all activities relative to the costs incurred. This means that resources are allocated in a way that produces the greatest net benefit or surplus.

An Efficient Allocation of Resources Is One That Achieves the Maximum