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Meaning of “x-efficiency” in the English Dictionary

"x-efficiency" in Business English

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x-efficiencynoun [U]

uk   us   ECONOMICS, PRODUCTION
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.
x-efficient
adjective
The joint-stock banks were found to be more x-efficient than the state-owned commercial banks.
(Definition of x-efficiency from the Cambridge Business English Dictionary © Cambridge University Press)
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“x-efficiency” in Business English

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