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Bookmark or Share- Efficiency: What It Means in Economics, the Formula To Measure ItThe term efficiency can be defined as the ability to achieve an end goal with little to no waste, effort, or energy. Being efficient means you can achieve your results...
- Efficiency Definition & Meaning - Merriam-Webster1. : the quality or degree of being efficient. 2. a. : efficient operation. b (1) : effective operation as measured by a comparison of production with cost (as in energy, time, and money) (2) : the ratio of the useful energy delivered by a dynamic system to the energy supplied to it. 3. : efficiency apartment. Synonyms. edge. effectiveness.
- EFFICIENCY Definition & Meaning | Dictionary.comthe state or quality of being efficient, or able to accomplish something with the least waste of time and effort; competency in performance. accomplishment of or ability to accomplish a job with a minimum expenditure of time and effort: The assembly line increased industry's efficiency.
- Efficiency Definition & Meaning | Britannica DictionaryEFFICIENCY meaning: 1 : the ability to do something or produce something without wasting materials, time, or energy the quality or degree of being efficient (technical); 2 : efficiency apartment.
- Efficiency - WikipediaEfficiency is the often measurable ability to avoid making mistakes or wasting materials, energy, efforts, money, and time while performing a task. In a more general sense, it is the ability to do things well, successfully, and without waste. [1] [2] [3] [4] [5]
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