WebMar 28, 2024 · Economic efficiency is attained when economies distribute resources in a manner that maximizes benefits and eliminates waste. An example is reducing production costs. What determines economic... WebFeb 14, 2024 · Being or occurring in good time; sufficiently early; seasonable. Efficient adjective being effective without wasting time or effort or expense; ‘an efficient production manager’; ‘efficient engines save gas’; Timely adjective Keeping time or measure. Efficient adjective able to accomplish a purpose; functioning effectively;
Economic Efficiency Overview & Examples - Study.com
WebThe one who somehow manages to finish hour-long tasks in 20 minutes. The one people describe as a robot or machine because surely no simple human could work as quickly as they do. And yet these people exist, cranking away at maximum efficiency. What do these highly productive people have in common? How do they do it? Web: something done or used to achieve a particular end usually quickly or temporarily : an expedient action or solution Synonyms Adjective advisable desirable judicious politic … some time now meaning
Effective Vs. Efficient: Do You Know The Difference?
WebDec 8, 2024 · Summary. Being productive is not about doing more, but about doing things in an efficient manner. To understand how some people manage to get a lot more out of … Webefficient adjective ef· fi· cient i-ˈfi-shənt Synonyms of efficient 1 : productive of desired effects especially : capable of producing desired results with little or no waste (as of time or materials) an efficient worker efficient machinery 2 : being or involving the immediate … WebFeb 3, 2024 · An effective organization is a company that successfully meets its goals. These goals may be external, such as producing a certain quality product, or internal, such as improving communication within a company. An effective organization examines various factors in a company, like how well employees perform to the efficiency of a business ... sometime newsnight presenter gavin