Friday, February 18, 2011

Unit 1: The changing high street: Allocative efficiecy in action?

The BBC reports the changing face of the high street

http://www.bbc.co.uk/news/business-12468346

...whilst Sky reports increasing on-line sales

http://news.sky.com/skynews/Home/Business/UK-Shoppers-Spent-51-Billion-Online-In-January-21-More-Than-Last-Year/Article/201102315936126?f=rss


a) In what way does this illustrate the economy becoming more allocatively efficient in its use of scarce resources?

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