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ECONOMIC EFFICIENCY AND PROFITABILITY


Marinela Geamănu
Spiru Haret University, Facultaty of Finances and Banking, Bucharest,
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Abstract
Economic efficiency is a term used to estimate the results of an economic activity
comparing to the efforts involved in the respective activity. Economic efficiency is the
main qualitative factor of economic growth, as it assures the absolute growth of the
outcome at the same effort amount. Economic efficiency includes profitability, which is a
general indicator for efficiency.
Keywords: economic efficiency, profitability, profit, economic growth.

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