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What do you mean by efficiency and equity.

What do you mean by efficiency and equity.

by Hifzor Rahman -
Number of replies: 0

Efficiency.

Efficiency signifies a peak level of performance that uses the least amount of inputs to achieve the highest amount of output. Efficiency requires reducing the number of unnecessary resources used to produce a given output including personal time and energy.


Equity.

Equity is the amount of capital invested or owned by the owner of a company. The equity is evaluated by the difference between liabilities and assets recorded on the balance sheet of a company.