- the ability of a business to achieve the best results in the most economic way in relation to the number of employees, machines etc it has:
• the x-efficiency of commercial banks in Hong Kong— x-efficient adjective :
• An organization is perfectly x-efficient if it produces the maximum output possible from its inputs.
* * *x-efficiency UK US noun [U] ECONOMICS, PRODUCTION► a situation in which a company or a particular machine produces the largest possible number of goods with the time, materials, or labour that it has available: »
The report showed that banks were still operating at 60% below the x-efficiency level.x-efficient adjective► »
The joint-stock banks were found to be more x-efficient than the state-owned commercial banks.
Financial and business terms. 2012.
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