economic efficiency

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Market Efficiency

The extent to which the price of an asset reflects all information available. Economists disagree on how efficient markets are. Followers of the efficient markets theory hold that the market efficiently deals with all information on a given security and reflects it in the price immediately, and that technical analysis, fundamental analysis, and/or any speculative investing based on those methods are useless. On the other hand, the primary observation of behavioral economics holds that investors (and people in general) make decisions on imprecise impressions and beliefs, rather than rational analysis, rendering markets somewhat inefficient to the extent that they are affected by people.

economic efficiency

an aspect of PRODUCTION that seeks to identify, for a given level of OUTPUT, the combination of FACTOR INPUTS that minimizes the COST of producing that output. More broadly, economic efficiency is equated with the effectiveness of RESOURCE ALLOCATION in the economy as a whole such that outputs of goods and services fully reflect consumer preferences for these goods and services as well as individual goods and services being produced at minimum cost through appropriate mixes of factor inputs.


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The Alila Resort is being built to LEED standards, featuring an environmentally and economically efficient sewage treatment plant engineered to dramatically reduce water consumption by 35% on the project site.
Though a refinery like Valero's Houston refinery could run 100 per cent light, a pure light feedstock might not be economically efficient at a more complex refinery like Port Arthur or Texas City designed to handle heavy, Day said.
6 yen per kilowatt-hour to the cost of nuclear power generation in Japan, providing estimates that will likely affect discussions on whether nuclear power is economically efficient.
For commercial vehicle bodyshops, this provides an economically efficient solution for painting chassis, dumper/tipper bodies and container cars with good corrosion protection and good adhesion.
One is the Public Services Ombudsman for Wales is so economically efficient it should be running all public services.
Recycling materials are economically efficient and environmentally friendly
Rajan Kathet, founding member of the KCC and Communication Coordinator of the campaign, said that they aim to encourage cycling as an eco-friendly and economically efficient means of transportation, Xinhua news agency reports.
The gasification process produces a clean energy product known as Synthesis Gas (Syngas), and gives us the opportunity to utilise some of the world's vast coal stock in a sustainable, environmentally responsible, and economically efficient manner.
In addition, it is economically efficient and therefore it can be applied practically to produce nano-ceramics at industrial scales and moderately lower temperatures," Badaqi said of the benefits of the method.
And perhaps the risk assessment brigade should consider whether it is more economically efficient to get the pavements mended than to risk people's safety.
Called the One Nevada Transmission Line (ON Line), the interconnection of NV Energy's northern and southern service territories will allow renewable resources to be delivered throughout the state, greatly improving NV Energy's ability to comply with Nevada's portfolio standard in an economically efficient manner, NV Energy said.
The report estimates the income from the most economically efficient forms of green taxation at pounds 13 billion a year, but says revenue gain to the Treasury would probably be well under one per cent of GDP.

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