Efficiency Flashcards
1
Q
What are some examples of dynamic efficiency
A
-Dyson (cordless vacuum cleaners)
-Supermarkets self check-out
-British Airways new aircrafts
-Tesla
-Amazon (automated robots in warehouses)
-TFL (card scanners on buses)
2
Q
What are some examples of allocative efficiency
A
-Competitive supermarkets pricing
-Energy markets due to the necessity of gas (Brtitish Gas)
-Public transport (TFL, London Underground)
-UK water industry
3
Q
What are some examples of productive/X inefficiency
A
UK rail industries (high operational costs, lack of competition)
NHS (long waiting times, delayed discahrges, overworked, staff
Post Office
