Meaning X-inefficiency
What does X-inefficiency mean? Here you find 6 meanings of the word X-inefficiency. You can also add a definition of X-inefficiency yourself
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X-inefficiencyIn The Wealth of Nations published in 1776, Adam Smith observed that "Monopoly... is a great enemy to good management." This insight explicitly recognized that the problem of monopoly is not [..]
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X-inefficiencyCost that is higher than it needs to be because a firm is operating inefficiently. This is most often seen for firms that have a great deal of market control, especially monopoly. The lack of competit [..]
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X-inefficiencyWhen a business does not achieve the best results in the most economic way in relation to the number of employees, machines etc it has.
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X-inefficiencyX-Inefficiency is the cost that is higher than it needs to be because a firm is operating inefficiently. This is most often seen for firms that have a great deal of market control, especially monopoly [..]
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X-inefficiencyThe failure to minimize costs or maximize returns. (Sometimes referred to as X-efficiency, but carrying the same meaning.)
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X-inefficiencyCost that is higher than it needs to be because a firm is operating inefficiently. This is most often seen for firms that have a great deal of market control, especially monopoly. The lack of competit [..]
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