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)