efficiency

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Related to Market efficiency: Efficient market hypothesis

ef·fi·cien·cy

 (ĭ-fĭsh′ən-sē)
n. pl. ef·fi·cien·cies
1.
a. The quality or property of being efficient.
b. The degree to which this quality is exercised: The program was implemented with great efficiency and speed.
2.
a. The ratio of the effective or useful output to the total input in any system.
b. The ratio of the energy delivered by a machine to the energy supplied for its operation.
3. An efficiency apartment.

efficiency

(ɪˈfɪʃənsɪ)
n, pl -cies
1. the quality or state of being efficient; competence; effectiveness
2. (General Physics) the ratio of the useful work done by a machine, engine, device, etc, to the energy supplied to it, often expressed as a percentage. See also thermal efficiency

ef•fi•cien•cy

(ɪˈfɪʃ ən si)

n., pl. -cies.
1. the state or quality of being efficient.
2. accomplishment of or ability to accomplish a job with a minimum expenditure of time and effort.
3. the ratio of the work done by a machine to the energy supplied to it, usu. expressed as a percentage.
[1585–95; < Latin]

Efficiency

 

cooking with gas Operating at maximum efficiency; performing well, functioning smoothly; really in the groove or on the right track. The expression probably comes from the efficiency of gas as a cooking medium (as contrasted with coal, wood, kerosene, electricity, etc.). Occasionally the phrase is jocularly updated by variants such as cooking with electricity or cooking with radar.

hit on all six To run smoothly; to function properly; to work to one’s fullest capacity; to be in physically fit and trim condition. This Americanism was originally used in speaking of internal combustion engines, specifically the functioning of the cylinders, which often misfired in earlier cars. When the figurative use gained currency, the word cylinder was dropped from the end of the expression. Variants include hit on all four and other multiples of two.

Modern science offers you a natural means to keep you “hitting on all six”—every minute of the day. (Saturday Evening Post, March 10, 1928)

in the groove In full swing, functioning smoothly, in top form. This U.S. slang expression was coined in the jazz age. Groove originally referred to the grooves of phonograph records. In the 1930s and ’40s, in the groove meant to play jazz music fervently and expertly, or to appreciate such music and by association be considered “hep” and sophisticated.

The jazz musicians gave no grandstand performances; they simply got a great burn from playing in the groove. (Fortune, August, 1933)

Eventually in the groove and groovy grew to mean ‘up-to-date’ or ‘fashionable,’ although this use is now being phased out of current slang. When in the groove is used, as in the following quotation from Webster’s Third, it emphasizes the quality of being in top form, rather than sophistication or fashionableness.

It made no difference, when he was in the groove, what he chose to talk about. (Henry Miller)

just like New York This American slang expression, usually an isolated comment on successful performance, has a wide range of equally vague equivalents such as right on, great, nice going, way to go. The reference is to New York City as the epitome of success, society, and fashion.

efficiency

The ratio of a machine’s energy output to energy input.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.efficiency - the ratio of the output to the input of any system
ratio - the relative magnitudes of two quantities (usually expressed as a quotient)
figure of merit - a numerical expression representing the efficiency of a given system, material, or procedure
2.efficiency - skillfulness in avoiding wasted time and effort; "she did the work with great efficiency"
skillfulness - the state of being cognitively skillful
economy - the efficient use of resources; "economy of effort"
inefficiency - unskillfulness resulting from a lack of efficiency

efficiency

efficiency

noun
1. The quality of being efficient:
2. The power or capacity to produce a desired result:
Translations
كَفاءَه، مَقْدِرَه، فاعِلِيَّه
акуратност
účinnost
effektivitet
djelotvornostefikasnostučinkovitost
dugnaîur, skilvirkni, nÿtni
zmogljivost
beceriklilikyeterlik

efficiency

[ɪˈfɪʃənsɪ] N
1. [of person, manager] → eficiencia f; [of method, remedy, product, army] → eficacia f
2. (Mech, Phys) [of machine] → rendimiento m

efficiency

[ɪˈfɪʃənsi]
n [person] → efficacité f; [method] → efficacité f; [institution] → bon fonctionnement m; [activity] → productivité f; [machine] → rendement m energy efficiency, fuel efficiency
modif [gains] → de rendement
efficiency savings → économies fpl de fonctionnementefficiency apartment n (US)studio m

efficiency

n (of person)Fähigkeit f, → Tüchtigkeit f; (of machine, factory, organization, system)Leistungsfähigkeit f; (of method)Wirksamkeit f; (of engine) (= power)Leistungsfähigkeit f; (= economy)Sparsamkeit f; (of service) → Effizienz f (geh); (of use) → Rationalität f; jobs were lost as part of an efficiency driveStellen wurden wegrationalisiert; software that improves the efficiency of translatorsSoftware, die die Leistungsfähigkeit von Übersetzern erhöht

efficiency

[ɪˈfɪʃnsɪ] n (see adj) → efficienza, efficacia, rendimento

efficient

(iˈfiʃənt) adjective
1. (of a person) capable; skilful. a very efficient secretary.
2. (of an action, tool etc) producing (quick and) satisfactory results. The new lawn mower is much more efficient than the old one.
efˈficiently adverb
efˈficiency noun

ef·fi·cien·cy

n. eficiencia, competencia.
References in periodicals archive ?
15, 2015 /PRNewswire/ -- The PJM Interconnection Board today authorized dozens of electric transmission improvements, including a record number that address market efficiency issues.
Proof of this is the biggest improvement posted by the Labor Market Efficiency (LME) of the Philippines in the latest World Economic Forum (WEF) Global Competitiveness Index (GCI) Ranking.
The magazine compiles the list every year based on a few criteria such as ownership rights, innovations, taxes, technology, corruption, freedom (personal, commercial and monetary), bureaucracy, investment protection, and stock market efficiency.
The Sultanate climbed 4 ranks in the variables of institutions (13), health and primary education (48), seven ranks in goods market efficiency (18), eight ranks in labour market efficiency (28) each of the institutional framework (13) and health and education (48), and seven in the performance market efficiency (18), and eight degrees in the growth and efficiency of the labour market (28).
Adjibolosoo (business, Point Loma Nazarene University) presents theory and empirical evidence on the essential role of the human factor in free market efficiency and economic progress.
The Sultanate also came 20th in the goods market efficiency, 36th in the work market efficiency and 30th in the financial market development.
Summary: ABU DHABI - The United Arab Emirates has attained advanced positions within the Global Competitive Report of 2010 issued by the World Economic Forum in the area of factors determining the enhancement of labour market efficiency.
Greece ranked 84th in institutions, 42nd in infrastructure, 123rd in macro-economic environment, 40th in health and education, 42nd in higher education, 94th in market efficiency, 93rd in financial market development, 46th in technological readiness, 39th in market size, 74th in the specialisation of enterprises and 79th in innovation.
Based on 12 criteria of competitiveness, the GCI provides a comprehensive picture of national competitiveness landscapes at all stages of development, with the 12 criteria including institutions, infrastructure, macroeconomic stability, health and primary education, higher education and training, goods market efficiency, labor market efficiency, financial market sophistication, technological readiness, market size, business sophistication, and innovation.
The new loan price data are intended to advance enforcement of consumer protection and anti-discrimination laws and improve mortgage market efficiency.