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What is the relationship between efficiency and value?

What is the relationship between efficiency and value?
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In Economics efficiency means the relationship between value of ends and means. Efficiency means the highest form of performance to a productive results with minimum factor inputs. It can also be defined as the ratio between the output produced and cost of output. A product is valued when it's efficiency meets the requirements.

Value differs from person to person yet for some products there are estimated value based on the utility of the product. A product is recognised as efficient is when its use value is worth , when there is low material used for production and output is more.

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