Definition: Efficiency

Category: General concept; Peer reviews

Achieving maximum output from a given level of resources used to carry out an activity. http://ec.europa.eu/eurostat/ramon/coded_files/OCDE_09E74304_en.pdf
Source:
Organization for Economic Cooperation and Development (OECD), "Effects of European Union Accession, Part 1: Budgeting and Financial Control", OECD/GD(97)163, Paris, 1997
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