Examlex
What is one major drawback of smaller-size vehicles for the technician?
Economic Efficiency
A state where resources are allocated in the most effective manner, maximizing the production of goods and services while minimizing waste and costs.
Standard
An established measure or model used for comparison in assessing the quality, quantity, or value of something.
Criterion
A standard or principle by which something is judged or decided.
Economic Efficiency
A situation in which resources are allocated in the most beneficial way from the perspective of society, where no one can be made better off without making someone else worse off.
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