Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice (Jan 2011)
ECONOMIC EFFICIENCY AND PROFITABILITY
Abstract
Economic efficiency is a term used to estimate the results of an economic activitycomparing to the efforts involved in the respective activity. Economic efficiency is themain qualitative factor of economic growth, as it assures the absolute growth of theoutcome at the same effort amount. Economic efficiency includes profitability, which is ageneral indicator for efficiency.
