This view ignores the baleful effects that the state sector has on the efficient allocation of resources.

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Whether it will have an efficient allocation of resources is another matter.

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Horowitz elaborates that profits in the education sector can be expected to promote competition and innovation that lead to an increase in the quality of educational provision, better value for the customer, and a more efficient allocation of resources, a point that CCAP elaborated on it is 2010 study, For-Profit Higher Education: Growth, Innovation and Regulation.

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Essentially central planning is not about the efficient allocation of economic resources, it is about control.

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Indeed, some would argue that the spur of such a tax leads to more efficient allocation of the resources and thus to a negative deadweight cost.

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For many American families, marriage helps to promote stability in family relationships and more efficient allocation of household financial resources.

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"Just in terms of allocation of time resources, religion is not very efficient, " he explains.

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