Efficiency - Wikipedia Efficiency 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
EFFICIENCY Definition Meaning | Dictionary. com the 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
How Efficiency Is Measured - Investopedia Efficiency means that an entity is operating at an optimum level of performance It is a measurable concept that can be determined by the ratio of useful output to total input
efficiency noun - Definition, pictures, pronunciation and usage notes . . . Definition of efficiency noun from the Oxford Advanced Learner's Dictionary [uncountable] the quality of doing something well with no waste of time or money I was impressed by the efficiency with which she handled the crisis He carried out his orders with ruthless efficiency The optimum design allows bartenders to work at peak efficiency
Efficiency - definition of efficiency by The Free Dictionary 1 the state or quality of being efficient 2 accomplishment of or ability to accomplish a job with a minimum expenditure of time and effort 3 the ratio of the work done by a machine to the energy supplied to it, usu expressed as a percentage 4 efficiency apartment
Economic Efficiency - Economics Help Diagrams, definitions and clear explanations for different types of efficiency Including productive, allocative, x-efficiency, technical efficiency, social, efficiencies of scale, Pareto efficiency
Efficiency - Encyclopedia. com Efficiency, or allocative efficiency, is a central concept of economic theory If one plan produced a product with fewer resources than another plan, it is said to be more efficient A system that produces maximum output from minimum input of resources is efficient