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    University of Virginia
   
 
  Oct 23, 2017
 
 
    
Graduate Record 2009-2010 [ARCHIVED RECORD]

PLAN 5410 - Economic Built Environment


Economics studies the efficient allocation of scarce resources. Efficiency is achieved when an economy cannot make anyone economically better off without making someone else worse off. In most mixed economies, like the U.S., there is a dominant market system of organizing economic activity that coordinates the basic questions of allocation: what, how and for whom to produce.



Credits: 3