Definition

Related Definitions


X-efficiency

  • Updated on

The term was coined by Harvard Economist Harvey Leibenstein, who argued that a lack of competition between corporations results in inefficiencies to its labour input. It defines a firm?s failure to generate maximum output with the given input due to competitive forces.



Top ASX Listed Companies


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.