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Definition of

economic efficiency


cheapest mode of production the production and distribution of goods at the lowest possible cost.

Related definitions of "economic efficiency"

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Definitions of ’economic efficiency’ and meaning of ’economic efficiency’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’economic efficiency’ and other financial terms with our online QFINANCE Financial Dictionary.

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