ekonomska efikasnost

ekonomska efikasnost

A term that refers to the optimal production and consumption of goods and services. This generally occurs when prices of products and services reflect their marginal costs. Economic efficiency gains can be achieved through cost reduction, but it is better to think of the concept as actions that promote an increase in overall net value (which includes, but is not limited to, cost reductions).

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Industry/Domain: Energy
Category: General
Company: California Energy Commission
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