Social efficiency - Production and consumption at the point where marginal social benefit equals marginal social cost (MSB = MSC). An equitable and desirable outcome for society. Markets generally fail to achieve social efficiency.
Economic efficiency
Productive Efficiency
Efficiency of perfect competition
Social Efficiency ...
e. by the races of highest 'social efficiency'.'[16] This is clearly the racial argument, which pays heed to other ideas such as the 'White Man's Burden' prevalent at the turn of the twentieth century.
 See also: Marginal cost, Labour, Values, Acquisitions, Invoice
  
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