Definition of efficient
adjectiveI think it means that the business works well
economic resources-land, labor and capital-will be used for their most valuable purposes.
In my experience when someone used the term "efficient and equitable manner" they are trying to resolve a dispute or solve a personnel problem. What they mean is they want to solve the problem with as little cost in time/money/hassle as possible (efficient) yet at the same time they want to be fair or at least seem fair (equitable) in the way the problem was handled and finally resolved.
a firm has excess capacity if it produces below its efficient scale, whcih is the quantity at which total cost is a minimum.
most cost-efficient
To be efficient means to be quick and effective at a job or task.
you are stupied
Efficient (Adj) It means able to produce effect wanted without wasting time or energy.
efficient
efficient time
Smart material is energy efficient.
"More bang for your bucks"
American Council for an Energy-Efficient Economy
I think it means that the business works well
Using personnel in the most efficient manner possible.
Capáx or Peritús are the words which mean efficient in Latin.
It means to look it up in a better spot then this :)