Meaning of the word x-efficiency in English
What does x-efficiency mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
x-efficiency
US /ˌeks ɪˈfɪʃənsi/
UK /ˌeks ɪˈfɪʃənsi/
Noun
1.
the degree to which a firm or other organization operates at its maximum potential given its resources, or the extent to which it avoids waste and inefficiency in its production processes
Example:
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Improving X-efficiency can lead to significant cost savings for a company.
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Lack of competition often leads to lower X-efficiency.
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