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English definition of “x-efficiency”


noun [U]
a situation in which a company or a particular machine produces the largest possible number of goods with the time, materials, or labour that it has available: The report showed that banks were still operating at 60% below the x-efficiency level. → See also technical efficiency → Compare x-inefficiency
x-efficient adjective
(Definition of x-efficiency from the Cambridge Business English Dictionary © Cambridge University Press)
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