ILO:

​a) Allocative efficiency
b) Productive efficiency
c) Dynamic efficiency
d) X-inefficiency
e) Efficiency/inefficiency in different market structures

Theory

Watch the the theory on different types of efficiency below:
Y2 11) Business Efficiency - Allocative, Productive, Dynamic and X Efficiency
​
Difference between Productive and Allocative Efficiency
​

Dynamic efficiency

Explain what is meant by dynamic efficiency? (5 marks)
The Future of Flight
Factory of the Future - Beyond the Assembly Line: Goldman Sachs'

Case study:

Explain how the Government provision/monopoly of the NHS can create inefficiencies? (5 marks)
Assess the argument for privatising the NHS? (15 marks)
Why aren't European hospitals under strain like the NHS? | ITV News
​
Would the NHS benefit from privatisation? | Guardian Live