Meaning X-EFFICIENCY
What does X-EFFICIENCY mean? Here you find 6 meanings of the word X-EFFICIENCY. You can also add a definition of X-EFFICIENCY yourself
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X-EFFICIENCYThe ability of a firm to get maximum output from its inputs. Failure to do so, called X-inefficiency or technical inefficiency, may be due to lack of incentives provided by competition. Improvement in [..]
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X-EFFICIENCYSee Efficiency, X-inefficiency.
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X-EFFICIENCYThe ability of a business to 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-EFFICIENCYDefinition The ability of a firm to get maximum output from its inputs. Failure to do so, called X-inefficiency or technical inefficiency, may be due to lack of incentives provided by competition. Imp [..]
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X-EFFICIENCYOne has to distinguish the X-efficiency concept from the theory intended to explain it. As a concept X-inefficiency is similar to technical inefficiency. ...
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X-EFFICIENCYX-Efficiency is the degree of efficiency maintained by individuals and firms under conditions of imperfect competition.
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