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Economic Efficiency
(redirected from Economically efficient)

   Also found in: Financial, Wikipedia 0.01 sec.
Economic Efficiency 

the ratio between the results of production—output and material services—on the one hand and expenditures of labor and the means of production on the other. Under socialism, economic efficiency is a key index of economic development. For the capitalist entrepreneur, expenditures take the form of fixed capital stock and circulating productive capital advanced by him, and results take the form of profits. Comparisons of expenditures and results based on report and statistical data for the various branches of the economy and for the national economy as a whole are used in the management of capitalist firms, whose primary motive is the desire to maximize profits.



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In addition, it is economically efficient and therefore it can be applied practically to produce nano-ceramics at industrial scales and moderately lower temperatures," Badaqi said of the benefits of the method.
s homes as individuals are now leftover without a selection but to in reality compromise and seek what is economically efficient.
And perhaps the risk assessment brigade should consider whether it is more economically efficient to get the pavements mended than to risk people's safety.
 
 
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