The importance of the economic efficiency principle
As I mentioned earlier, either for a general economy, company, organization and family units, which is about seeking or achieving the necessary strategy so that one economic system is more efficient than another, in such a way that if it provides more goods and services for society using the same economic resources. It is necessary to be clear about the following that the most efficient combination of production factors will always be the one that allows it to produce at the lowest possible cost per unit.
The scope will be better when an economic system responds in the mid-term and long-term, thanks to the fact that in the mid-term it will benefit the producers of goods and services and in the long term it will benefit entrepreneurs, investors, since the inputs are variable, they are There are situations where production is fixed and when the production factors are varied affect levels, their cost structure of operations and optimization with minimal cost.
When referring to minimum costs, at a fixed level of production, its variation will depend on the available production factors (Force, capital and labor), that combination will be decisive which allows production, only by to produce more units at less cost, within the economic and business analysis the following should be considered: efficiency is defined as the relationship between the resources used in a project and the achievements obtained with it. Unlike the effectiveness refers to our ability to achieve what we propose.
The objectives of the economy are related to the increase in production and the optimal use of resources in an efficient way, everything reaches its own economic principles of the economy as a science.