Glossary of Financial Terms

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

X-Inefficiency
A term from microeconomics describing the difference between the actual output cost of one unit of production and the minimum attainable cost of one unit of that product. This difference may be the result of management shortcomings, inefficient use of resources, bureaucratic rigidities, motivation of employees etc.

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