Abstract
The aim of this research is to provide a conceptual basis for addressing efficiency in economics, focusing on higher education. The definition of economic efficiency using the Pareto criteria is presented. It is followed by the application of these concepts to higher education framework. The concepts and methods for estimating efficiency in higher education are quite complex and this may impair policy recommendations stemming from an incorrect definition or understanding, still, efficiency is a suitable and needed goal for any educational system, especially in a developing country.
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