X-efficiency refers to the effectiveness with which a company utilizes its resources to produce output, minimizing waste and operational inefficiencies, essential for maximizing productivity and competitiveness.

X-efficiency measures how effectively a company uses its resources, vital for maximizing productivity and competitiveness.

What do you mean by X efficiency? X efficiency refers to how effectively a company uses its resources to produce output, minimizing waste and inefficiencies.

What is the difference between X efficiency and x-inefficiency? X efficiency refers to a firm`s effectiveness in using resources, while x-inefficiency occurs when a firm fails to utilize resources optimally, leading to higher costs.

What is the concept of efficiency? The concept of efficiency means achieving maximum productivity with minimal wasted effort, resources, or expense.

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X-efficiency measures how effectively a company uses resources, vital for competitiveness.

X-efficiency evaluates how well a company utilizes its resources, crucial for maintaining competitiveness.