ECONOMIC EFFICIENCY AND PROFITABILITY
ECONOMIC EFFICIENCY AND PROFITABILITY
Author(s): Marinela GeamănuSubject(s): Economy
Published by: Editura Universităţii Vasile Goldiş
Keywords: economic efficiency; profitability; profit; economic growth
Summary/Abstract: Economic efficiency is a term used to estimate the results of an economic activity comparing to the efforts involved in the respective activity. Economic efficiency is the main qualitative factor of economic growth, as it assures the absolute growth of the outcome at the same effort amount. Economic efficiency includes profitability, which is a general indicator for efficiency.
Journal: Studia Universitatis Vasile Goldiş, Arad - Seria Ştiinţe Economice
- Issue Year: 21/2011
- Issue No: 2
- Page Range: 116-119
- Page Count: 4
- Language: English