What does inefficiency mean?
Definitions for inefficiency
ˌɪn ɪˈfɪʃ ən siin·ef·fi·cien·cy
This dictionary definitions page includes all the possible meanings, example usage and translations of the word inefficiency.
Princeton's WordNet
inefficiencynoun
unskillfulness resulting from a lack of efficiency
Wiktionary
inefficiencynoun
Lack of efficiency or effectiveness.
ChatGPT
inefficiency
Inefficiency refers to a lack of optimization in the use of resources such that there is waste or unnecessary effort and time spent. It is the inability to achieve maximum productivity or outcomes with minimum wasted effort or expense. This may relate to systems, processes, technologies, employees, or entire organizations. Inefficiency often results in increased costs, wasted time, decreased productivity, and lower levels of satisfaction.
Webster Dictionary
Inefficiencynoun
the quality of being inefficient; want of power or energy sufficient; want of power or energy sufficient for the desired effect; inefficacy; incapacity; as, he was discharged from his position for inefficiency
Wikidata
Inefficiency
The term inefficiency has several meanings depending on the context in which its used: ⁕Allocative inefficiency - Allocative inefficiency theory says that the distribution of resources between alternatives does not fit with consumer taste. For example, a company may have the lowest costs in "productive" terms, but the result may be inefficient in allocative terms because the "true" or social cost exceeds the price that consumers are willing to pay for an extra unit of the product. This is true, for example, if the firm produces pollution. Consumers would prefer that the firm and its competitors produce less of the product and charge a higher price, to internalize the external cost. ⁕Distributive Inefficiency - refers to the inefficient distribution of income and wealth within a society. Decreasing marginal utilities of wealth suggests that more egalitarian distributions of wealth are more efficient than unegalitarian distributions. Distributive inefficiency is often associated with economic inequality. ⁕Economic inefficiency - refers to a situation where "we could be doing a better job," i.e., attaining our goals at lower cost. It is the opposite of economic efficiency. In the latter case, there is no way to do a better job, given the available resources and technology.
Matched Categories
Usage in printed sourcesFrom:
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Numerology
Chaldean Numerology
The numerical value of inefficiency in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of inefficiency in Pythagorean Numerology is: 9
Examples of inefficiency in a Sentence
After realizing the inefficiency of his stabs ... he tried to hurt him in the face.
The capacity expansions should not be thought of as an alternative to solving the blatant capital inefficiency of Fanuc.
Caius Petronius, Roman Consul, 66 A.D.:
We trained hard, but it seemed that every time we were beginning to form up into teams we would be reorganised. I was to learn later in life that we tend to meet any new situation by reorganising: and a wonderful method it can be for creating the illusion of progress, while producing confusion, inefficiency and demoralisation.
We've got to use the full power of the U.S. government and the private sector here to compress all of those (drug trial) timelines, reduce inefficiency in development and use the power of the U.S. government to produce at risk, scale hundreds of millions of doses of vaccines even while we're running the clinical trials to prove their safe and effective.
Essentially, it is a hidden bureaucratic inefficiency tax on the whole effort of finding new and valuable therapies, drug development is global and we need to have safety and efficacy data globally, so we should have a global system, just like with airplanes.
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Translations for inefficiency
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"inefficiency." Definitions.net. STANDS4 LLC, 2024. Web. 22 Nov. 2024. <https://www.definitions.net/definition/inefficiency>.
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