Efficiency (noun)
Definition
Efficiency refers to the ability to accomplish a task or produce a desired result with minimal wasted resources, time, or effort. It relates to the optimal use of resources to maximize output while minimizing input or waste.
Etymology
The word efficiency originated from the Latin word efficientia, which means accomplishment or performance. It derives from the Latin word efficiens, meaning producing or effecting.
Synonyms
- Productivity
- effectiveness
- proficiency
- competency
- resourcefulness
Antonyms
- Inefficiency
- ineffectiveness
- wastefulness
- incompetence
- inefficacy
FAQs (Frequently Asked Questions)
What is efficiency?
Efficiency is the ability to accomplish a task with minimal wasted effort or resources, maximizing productivity.
Why is efficiency important?
Efficiency reduces costs, improves quality, and boosts output, enhancing competitiveness and sustainability.
How to improve efficiency?
Streamline processes, prioritize tasks, use technology effectively, and empower employees to make informed decisions.
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