ECONOMIC EFFICIENCY AND PROFITABILITY

Autor: Marinela Geamănu
Jazyk: angličtina
Rok vydání: 2011
Předmět:
Zdroj: Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice, Vol 2, Pp 116-119 (2011)
Druh dokumentu: article
ISSN: 1584-2339
2285-3065
Popis: Economic efficiency is a term used to estimate the results of an economic activitycomparing to the efforts involved in the respective activity. Economic efficiency is themain qualitative factor of economic growth, as it assures the absolute growth of theoutcome at the same effort amount. Economic efficiency includes profitability, which is ageneral indicator for efficiency.
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