The term inefficiency generally refers to an absence of efficiency. 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.
What means inefficient?
: not efficient: such as. a : wasteful of time or energy inefficient operating procedures. b : incapable, incompetent an inefficient worker. c : not producing the effect intended or desired.
What is the meaning of inefficient in a sentence?
not organized, skilled, or able to work in a satisfactory way: Existing methods of production are expensive and inefficient. I’m hopelessly inefficient at fixing things. Thesaurus: synonyms, antonyms, and examples.
What type of word is inefficient?
Not efficient; not producing the effect intended or desired; inefficacious; as, inefficient means or measures.
What is an example of an inefficient market?
This has occurred in the music industry, for example, where some consumers assume they have the right to free downloads of music, and the creators of the music claim they own the rights. The lack of clarity creates an inefficient market, where prices can go as low as zero.
How do you know if a market is efficient?
Market efficiency refers to the degree to which market prices reflect all available, relevant information. If markets are efficient, then all information is already incorporated into prices, and so there is no way to “beat” the market because there are no undervalued or overvalued securities available.
What does ineffectually mean?
1 : not producing the proper or intended effect : futile. 2 : ineffective sense 2.
How do you say make more efficient?
In the example given by the OP, “optimize” works just fine. But in other scenarios, “render more efficient” or “increase the efficiency of” would give a more accurate meaning.
What do you mean by immature?
1 : not yet fully grown or ripe an immature bird immature fruit. 2 : acting in or exhibiting a childish manner an immature teenager immature behavior. Other Words from immature.
Is wastefully a word?
Meaning of wastefully in English in a way that uses more of something than is necessary: The project is wastefully expensive.
What happens when a market is inefficient?
An inefficient market is one that does not succeed in incorporating all available information into a true reflection of an asset’s fair price. As a result, some assets may be over- or under-valued in the market, creating opportunities for excess profits.
How do you determine if a market is efficient?
What is meant by the word inefficient?
1. The quality, condition, or fact of being inefficient. 2. An inefficient act, design, or procedure: pointed out certain inefficiencies in the shipping operation. American Heritage® Dictionary of the English Language, Fifth Edition.
What is another word for inefficiencies?
Another word for inefficiency. Another word for inefficiency word list. Below are a number of words whose meaning is similar to inefficiency. impotence. inefficacy. powerlessness. weakness.
What is another word for inefficiency?
The synonyms of “Inefficient” are: ineffective, ineffectual, inefficacious, incompetent, inept, incapable, unfit, unsuitable, unskilled, unskilful, inexpert, amateurish, uneconomical, wasteful, purposeless, unproductive, slow, slow-moving, awkward, unwieldy, cumbersome, deficient, disorganized, unsystematic
What is the meaning of inefficiency?
Definition of inefficiency. 1 : the quality or state of being inefficient. 2 : something that is inefficient.
