Economic Glossary | Efficiency | Bankers Algo
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Economic Glossary

    Efficiency

Obtaining the most possible satisfaction from a given amount of resources. Efficiency for our economy is achieved when we can not increase our satisfaction of wants and needs by producing more of one good and less of another


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Banker's Algo Daily Dose

Word of the day

Dawdled(v)

Meaning:

To waste time, to act slowly

Synonyms: idle, lag, laze, lazy, loaf, loiter

Antonyms: forward, hasten, hurry, push, rush, speed

Apti Question of The day

Question

The salary of an employee increases consistently by 50% every year. If his salary today is Rs. 10,000, what will be the salary after another 4 years?

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