ECONOMIC EFICIENCY IN ENERGY FIELD

Madalina Mihaila

Revista Economica, 2012, vol. Supplement, issue 1, 473-477

Abstract: Analysis of the development of an economic system`s capacity for survival, the final development direction, is the definition and accurate measurement of economic efficiency. In general, it is considered that an activity is effective if the results are obtained at low-cost or proceeds of sale when market outcomes that exceed expenditures were made to produce them. Economic efficiency is the relationship between the effects obtained (results) and effort (costs) deposited in an economic activity in a certain period of time. Therefore an important role concept of economic efficiency, making the link between resources allocated for further action and results from it, a concept that directs resources to the determination of fields which ensure maximum efficiency of their use under rational development, harmonious national economy. Correct and justified management can help prevent the inconveniences caused by decrease of production, decrease of revenues, in few words ? prevent negative results.

Date: 2012
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