x-efficiency
noun[U]
ECONOMICS,PRODUCTIONukusasituationin which acompanyor aparticularmachineproducesthelargestpossiblenumberofgoodswith thetime,materials, orlabourthat it hasavailable:
Thereportshowedthatbankswere stilloperatingat 60% below the x-efficiencylevel.
See also
technical efficiency
Compare
x-inefficiency
x-efficient
adjective
The joint-stockbankswerefoundto be more x-efficient than the state-ownedcommercialbanks.