Sentences with phrase «most efficient allocation of resources»

The essence of free trade is that governments Should not interfere with the price mechanism, which is the so - called «invisible hand» which is said to ensure that the self - seeking behavior of firms and individuals will give rise to the most efficient allocation of resources.

Not exact matches

The market was in the process of using the tool of free price discovery, the most efficient resource allocation tool known to man, to match supply and demand.

It is a rapid review of the evidence on priority setting methods that support the key design principle of «Efficient and appropriate allocation of resources where they can do most good on the basis of models of best practice which deliver best health outcomes».