Wikipedia defines static efficiency as a situation in which economic efficiency exists at a particular point in time. It is reached when consumers and producers make their decisions where the total net benefits from the use of a resource are maximised.
Atlas topic, subject, and course
Wikipedia, Static efficiency, at https://en.wikipedia.org/wiki/Static_efficiency, accessed 8 May 2016.
Page created by: Ian Clark, last modified 8 May 2016.