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enfant terrible lit. "terrible child"; a disruptively unconventional person. ennui A gripping listlessness or melancholia caused by boredom; depression ; in French, it means only "boredom "entente: diplomatic agreement or cooperation.
Efficiency is the often measurable ability to avoid making mistakes or wasting materials, energy, efforts, money, and time while performing a task.In a more general sense, it is the ability to do things well, successfully, and without waste.
Resource efficiency is the maximising of the supply of money, materials, staff, and other assets that can be drawn on by a person or organization in order to function effectively, with minimum wasted resource expenses.
The first fundamental welfare theorem provides some basis for the belief in efficiency of market economies, as it states that any perfectly competitive market equilibrium is Pareto efficient. The assumption of perfect competition means that this result is only valid in the absence of market imperfections , which are significant in real markets.
High utilization rates can indicate efficient use of resources, though they must be balanced to avoid overworking machinery or personnel. Cost Efficiency: Analyzing the cost to produce a unit of product or service is crucial. This involves monitoring direct costs, indirect costs, and overheads to ensure optimal spending.
Efficient energy use, or energy efficiency, is the process of reducing the amount of energy required to provide products and services. There are many technologies and methods available that are more energy efficient than conventional systems.
In computer science, algorithmic efficiency is a property of an algorithm which relates to the amount of computational resources used by the algorithm. Algorithmic efficiency can be thought of as analogous to engineering productivity for a repeating or continuous process.
[1] [3] [6] The main goal in years to come is to create headline indicators to carry out macro-level analysis at a country/world scale. [3] [8] There are two life-cycle assessment (LCA)–based calculation systems on eco-efficiency: the analysis method of BASF, and the method of the eco-costs value ratio of the Delft University of Technology.