Efficiency Definition

Efficiency – refers to the peak level of performance that uses the least amount of inputs to achieve the highest amount of output. Іt requires reducing the number of unnecessary resources used to produce a given output, including personal time and energy.

Efficiency is a measurable concept that can be determined using the ratio of useful output to total input. Increased efficiency minimizes the waste of resources such as physical materials, energy, and time while accomplishing the desired output.