Efficient Meaning And Examples

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Efficient meaning and examples. Examples of efficiency economic efficiency. Management articles economic efficiency is defined as a state where all the goods are distributed in such a way that most economic output is achieved and waste is minimized or eliminated. Efficiency in the context of accounting is not always related to how quickly a job gets done.

It is the opposite of waste. A definition of efficiency with examples. Wasted resources means inefficiency since we could have achieved our.

Normally when you think of something being efficient you think of getting a task done in the smallest amount of time or getting something done extremely quickly. Efficiency can also refer to a machine or piece of equipment s. Working or operating quickly and effectively in an organized way.

When you apply it to the economy we call an economic state economically efficient when we use every resource to serve everyone s interest in the best way while minimising waste. So how can you use the concept of efficiency. See the dictionary meaning pronunciation and sentence examples.

Efficient definition performing or functioning in the best possible manner with the least waste of time and effort. If something or someone is efficient they are able to do tasks successfully without. Having and using requisite knowledge skill and industry.

A reliable efficient assistant. Efficiency is the percentage of effort or resources that produces a result. Efficient meaning and example sentences with efficient.