Define: X-efficiency

UK Accounting Glossary

Definition: X-efficiency


Quick Summary of X-efficiency


X-efficiency describes a company’s inability to get the maximum output for its inputs due to a lack of competitive pressure.




What is the dictionary definition of X-efficiency?

Dictionary Definition


That part of overall efficiency which consists of getting the maximum output technically possible from any given inputs, or producing a given output with the fewest possible inputs.

X-efficiency thus implies the complete absence of slack in production.

Evidence for X-efficiency can take 2 forms. One is theoretical, showing that in principle better results are not obtainable.

The other is emperical, showing that no other firm or organisation is observed to do better.


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Full Definition of X-efficiency



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X-efficiency FAQ's



Cite Term


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https://payrollheaven.com/define/x-efficiency/
Modern Language Association (MLA):
X-efficiency. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 19, 2019 https://payrollheaven.com/define/x-efficiency/.
Chicago Manual of Style (CMS):
X-efficiency. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/x-efficiency/ (accessed: November 19, 2019).
American Psychological Association (APA):
X-efficiency. PayrollHeaven.com. Retrieved November 19, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/x-efficiency/

Definition Sources


Definitions for X-efficiency are sourced/syndicated from:


This glossary post was last updated: 5th May 2019.