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.


Full Definition of X-efficiency




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https://payrollheaven.com/define/x-efficiency/
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X-efficiency. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 16, 2019 https://payrollheaven.com/define/x-efficiency/.
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X-efficiency. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/x-efficiency/ (accessed: July 16, 2019).
American Psychological Association (APA):
X-efficiency. PayrollHeaven.com. Retrieved July 16, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/x-efficiency/

Definition Sources


Definitions for X-efficiency are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

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