WebThe second definition of efficient bears no economic implications, as does the first. It is defined as acting directly to produce an effect. The efficient cause of the revolution was the assassination of the king. In this sense, efficient describes the cause or reason that something else is happening. The efficient cause in our example was the ... WebJul 2, 2024 · Business efficiency is how much output a business produces for a unit of input. It is the opposite of waste. Efficiency measures how well a business converts inputs such as capital, labor and materials into outputs like revenue, products and services. The following are common types of business efficiency.
7 Types of Business Efficiency - Simplicable
WebDefine efficiently. efficiently synonyms, efficiently pronunciation, efficiently translation, English dictionary definition of efficiently. adj. 1. Acting or producing effectively with a … WebFeb 3, 2024 · Being efficient means producing an intended result that minimizes the time, resources and effort required for a task. Highly efficient employees can optimize how … kentucky basketball sets scoring record
Efficiently - definition of efficiently by The Free Dictionary
Webef· fi· cient· ly i-ˈfi-shənt-lē. Synonyms of efficiently. : in an efficient manner : with success, competence, or adequate effect. working/operating efficiently. finding ways … WebSynonyms for PROFICIENTLY: competently, skillfully, masterfully, capably, well, expertly, ably, neatly; Antonyms of PROFICIENTLY: poorly, inefficiently, ineptly ... WebIn economics, efficiency means it is impossible to improve the situation of one party without imposing a cost on another. Conversely, if a situation is inefficient, it becomes possible to benefit at least one party without imposing costs on others. The meaning of efficiency can become even more specific than that, though! kentucky basketball scores men