allocate resources efficiently 有效配置资源 Marginal Social Benefit 边际社会效益 MSC 边际社会成本 Marginal private cost边际私人成本 ..
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The invisible hand usually leads markets to allocate resources efficiently.
看不见的手通常会使市场有效地配置资源。
Market Failure: a situation in which a market left on its own fails to allocate resources efficiently.
市场失灵:市场本身不能有效配置资源的情况。
It was then firmly believed that the private market mechanism had an adequate capacity to allocate resources efficiently, and that it was self-adjusting.
在当时,人们坚信私人市场机制有足够能力有效分配资源,并自我调节。
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