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There are several measures of economic efficiency:

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Efficiency factorEfficiency factor In data communications, the ratio of (a) the time to transmit a text automatically at a specified modulation rate to (b) the time actually required to receive the same text at a specified maximum error rate. All of the communication faci	Efficiency (economics)There are several measures of economic efficiency Pareto efficiency Kaldor-Hicks efficiency X-efficiency Allocative efficiency See also inefficiency. For applications of these principles see: Efficient market hypothesis Welfare economics production theory	EfficiencyEfficiency is a term used with widely variant meanings in different disciplines. See Algorithmic efficiency for its use in Computer Science. Economic efficiency for its use in Economics. Efficiency (statistics) for its use in statistics. Electrical effici
Efficiency (statistics)In statistics, efficiency is one measure of desirability of an estimator. The efficiency of an unbiased statistic T is defined as : where I θ) is the Fisher information of the sample. Thus e ''T is the minimum possible variance for an unbiased estim	Efficiency wage hypothesisIn labor economics, the efficiency wage hypothesis argues that wages are determined by more than simply supply and demand. Specifically, it points to the incentive for managers to pay their employees more than the market-clearing wage in order to increase