Meaning economic efficiency
What does economic efficiency mean? Here you find 7 meanings of the word economic efficiency. You can also add a definition of economic efficiency yourself
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economic efficiencyThe extent to which a given set of resources is being allocated across uses or activities in a manner that maximizes whatever value they are intended to produce, such as output, market value, or utili [..]
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economic efficiencyRatio of output value to cost of input.
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economic efficiencyObtaining the most consumer satisfaction from available resources. This is what most economists mean when the term efficiency arises. Economic efficiency means our economy is doing the best job possib [..]
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economic efficiencyDefinition The extent to which supplies of goods are matched to demands for goods or services in a particular market. The notion of economic efficiency implies the possibility of an ideal market in wh [..]
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economic efficiencyA situation in which no one in a society can be made better off without making someone else worse off.
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economic efficiencyObtaining the most consumer satisfaction from available resources. This is what most economists mean when the term efficiency arises. Economic efficiency means our economy is doing the best job possib [..]
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economic efficiencyIt is the allocation of resources in the economy that yields an overall net gain to society as measured through valuation in terms of the benefits of each use minus its costs.
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