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What is Efficiency?In the social sciences, refers to the effectiveness with which a social benefit reaches its intended beneficiaries. When most of the cost of a particular social good is absorbed by intermediaries, such as scalpers and profiteers, distributional efficiency is low. The state-owned auditorium hands out a fixed number of free tickets to students to promote the arts, but nearly all of them sell the tickets to scalpers for the money. It's very poor distributional efficiency. Efficiency - meme gifEfficiency - videoEfficiency - what is it?Refering to mechanical produce of post-war Germany. Due to the low wages at that time, and no shortage of skilled workers, west Germany gained a solid reputation for outstanding quality of products at a reasonable price. Today, many people swear by german efficiency, and refuse to buy inferior products from anywhere but. Mercedes-Benz , bmw, bosch, phillips, porsche, German engineers. What does "Efficiency" mean?The ability of an economic system to provide what people what, given their incomes. Given the fact that incomes and resources are both finite, efficiency will be of the utmost importance in determining if people's wants are satisfied by the workings of the economic system. Free market economies usually provide high levels of economic efficiency. Efficiency - what does it mean?Quebec efficiency refers to the most inefficiently run processes possible. These processes always take at least three times as if normally run and generally six to ten times longer than if run efficiently. The term originates from the Canadian province of Quebec, where such processes occur very frequently. Jean: "I made cookies today, and instead of buying everything before hand, I just went out and bought every ingredient when the recipe said I need it! It took me 4 hours to bake the cookies." Efficiency - meaningThe pinnacle of human productivity and efficiency. Grants superhuman abilities of focus and attention on getting work done in the shortest amount of time, usually to the exclusion of everything else. Jack: "Hey dude, what about that paper?" Efficiency - definitionA phrase that decribes any system, operation, or action, where the beaurocracy serves to create more problems than the problem it was created to solve. Jack came into class late, the teachers inquiry of, "why were you late?" was followed by, "Sorry, the buses ran with soviet efficiency!" Efficiency - slangSo effecient as to be stupidly time-saving. Coined by Ms. B. Brown of Washington, DC in a fit of made-up-wordiness. Your boss would love working with me, because I'm a master of efficientness. EfficiencyExtremely hard working, always functioning at the highest of standards, and finding the best possible solution. Other wise known as a Miriam. "Oh my god, how did she get all of this DONE?!" EfficiencySue: "To increase my efficiency while baking this cake, I'm going to gather all the ingredients from the fridge before I start mixing anything together." EfficiencyHey whatβs up man I doing an efficiency enchantment while fishing |
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