Economic Efficiency

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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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After an extensive investigation of all relevant helicopter-types available, we are fully confident to having chosen the perfect match for our offshore customer s demand for high-quality and safe operation, yet being economically efficient.
Sustainable production is the creation of goods and services using processes and systems that are: non-polluting, conserving of energy and natural resources, economically efficient, safe and healthful for workers, communities and consumers.
It is built to be both environmentally and economically efficient, promoting quality of life as well as economic development.
It just has to happen in line with EU rules and be economically efficient for Bulgaria,a he pointed out.
The new procedure will also be economically efficient, as Egyptian buses are much cheaper than their Turkish counterparts.
A National Grid spokesman said: "Constraint payments are the most economically efficient way to balance the system while we await improvements to the electricity network.
Since 2008, Delta has removed or retired more than 350 aircraft from its fleet including 50-seat CRJ-200s; Saab 340s and DC-9s; while adding economically efficient, proven-technology aircraft such as the Boeing 777-200LR; two-class, 65 and 76-seat regional jets and variants of the 737 and 717, largely on a capacity-neutral basis.
From this location, Schmidt will provide economically efficient solutions for storage and warehousing, handling and shipping of a multitude of bulk goods such as polyethylene, polypropylene, catalysts and additives for the chemical and petrochemical industry.
He finds that farmers would clearly prefer to adopt more diversified, economically efficient, and environmentally friendly agricultural practices.
Pest control strategy experts who carried out the training session emphasised that the objective was to provide an effective and economically efficient approach to pest control, without jeopardising public safety.
ATLANTIS, The Palm and Gargash Enterprises have entered into a pioneering new partnership by making Atlantis the first resort in the region with an entire fleet of hybrid vehicles cars with the economically efficient Mercedes-Benz S 400 Hybrid cars.
There is the report of experts of 2010 which says extraction of ore at the Jamgyr mine and its processing there will be more economically efficient and will increase profits for $20.

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