Scrabble?! INEFFICIENCIESIs inefficiencies valid for Scrabble? Words With Friends? Lexulous? WordFeud? Other games?
Definitions of INEFFICIENCIES in various dictionaries:
The term inefficiency generally refers to an absence of efficiency. It has several meanings depending on the context in which it is used: Allocative inefficiency - Allocative inefficiency is a situation in which the distribution of resources between alternatives does not fit with consumer taste (perceptions of costs and benefits). For example, a company may have the lowest costs in "productive" terms, but the result may be inefficient in allocative terms because the "true" or social cost exceeds the price that consumers are willing to pay for an extra unit of the product. This is true, for example, if the firm produces pollution (see also external cost). Consumers would prefer that the firm and its competitors produce less of the product and charge a higher price, to internalize the external cost. Distributive Inefficiency - refers to the inefficient distribution of income and wealth within a society. Decreasing marginal utilities of wealth in theory suggests that more egalitarian dis
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There are 14 letters in INEFFICIENCIES ( C3E1F4I1N1S1 )
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