What does mean efficiency?

What does mean efficiency?

Efficiency is the fundamental reduction in the amount of wasted resources that are used to produce a given number of goods or services (output). Economic efficiency results from the optimization of resource-use to best serve an economy.

Can efficient mean fast?

Effective means “producing a result that is wanted”. Efficient means “capable of producing desired results without wasting materials, time, or energy”. When something is efficient, not only does it produce a result, but it does so in a quick or simple way using as little material, time, effort, or energy as possible.

How do you describe efficiency?

performing or functioning in the best possible manner with the least waste of time and effort; having and using requisite knowledge, skill, and industry; competent; capable: a reliable, efficient assistant. satisfactory and economical to use: Our new air conditioner is more efficient than our old one.

How do you use efficiency?

Examples of efficiency in a Sentence Because of her efficiency, we got all the work done in a few hours. The factory was operating at peak efficiency. A furnace with 80 percent fuel efficiency wastes 20 percent of its fuel. The company is trying to lower costs and improve efficiencies.

How do you use efficient in a sentence?

(1) He has an efficient business setup. (2) Dolphins are incredibly graceful and efficient swimmers. (3) With today’s more efficient contraception women can plan their families and careers. (4) We must make the most efficient use of the available financial resources.

Which is the best definition of the Word Efficiency?

“1. The state or quality of being efficient, or able to accomplish something with the least waste of time and effort; competency in performance. 2. Accomplishment of or ability to accomplish a job with a minimum expenditure of time and effort.”

What does it mean when a company is efficient?

When a company’s efficiency improves, its costs are reduced and its competitiveness enhanced, as long as the focus is also on productivity. “1. The state or quality of being efficient, or able to accomplish something with the least waste of time and effort; competency in performance. 2.

What makes a machine less efficient or more efficient?

Efficiency can also refer to a machine or piece of equipment’s run time. This is the amount of time the machine can be producing. Occasionally, machines and equipment break down and need to be fixed. This down time takes away from the productivity of the machine and also makes it less efficient. Also, many plants don’t have third shift workers.

What is the meaning of the word effective?

Effective functions as an adjective and is defined as having an intended or desired effect. The young politician was a very effective public speaker. I need to develop some more effective study habits; I failed my last test. We need an effective solution for everyone. The word effective focuses on whether or not something is accomplished.