ECONOMIC COMPARISON vs EFFICIENCY COMPARISION

Both phrases are correct, but they convey slightly different meanings. 'Economic comparison' refers to comparing the economic aspects of two or more entities, such as costs, revenues, or investments. On the other hand, 'efficiency comparison' focuses on comparing the effectiveness or productivity of different processes, systems, or methods.

Last updated: April 01, 2024 • 555 views

ECONOMIC COMPARISON

This phrase is correct and commonly used in English to refer to comparing the economic aspects of two or more entities.

This phrase is used when comparing the financial aspects of different entities, such as costs, revenues, or investments.

Examples:

The economic comparison between the two companies showed significant differences in their profit margins.
An economic comparison of the two investment options revealed that one had a higher return on investment.
The economic comparison of the two countries' GDP growth rates highlighted disparities in their economic performance.

Show examples from the web [+]

Table 7.6: Economic comparison of turns out to you.
An economic comparison between the two machining line configurations (based on 2000 parts per week, and one worker on each line) drew startling results.
[< 5] bidders submitted a valid offer, Lone Star was chosen on the basis of an economic comparison of the [< 5] offers, i.e. as the bid offering the higher net price.
The European Union's priority is, quite rightly, growth and employment, and one could wonder what the weighting of matters relating to biodiversity will be in comparison with economic development projects.
The aggregates are summary indicators of the result of the activity of the total economy and key magnitudes for purposes of macro-economic analysis and comparisons over time and space.
Sport and tourism are two complex, distinct sectors; it is very difficult to study them together and make economic and social comparisons between them.
It will be the task of EFTA States which wish to use this possibility to demonstrate that the award of regional investment aid in the region concerned is justified, using recognised economic indicators and comparisons with the situation at EEA level.
Direct quantitative comparisons between economic situations that have little in common with each other are inherently difficult and the method of deflation of current values with price indices is therefore the best alternative.
Therefore, since the ICI tax exemption reduced the charges normally included in the operating costs of any undertaking owning real estate in Italy, it gave the entities concerned an economic advantage in comparison with other undertakings that were not entitled to these tax advantages.
Thorough evaluation includes scrutiny of the economic assumptions, comparison with forecasts prepared by other institutions, and evaluation of past forecast performance.
Therefore, the Commission found a priori that the operating support provided certain undertakings with a selective economic advantage in comparison with other undertakings.
to maintain and use econometric models for economic forecasts and the comparison of the effects of alternative policies;
A comparison of economic trends in the euro-area countries and the United States reveals that although the downturn was less intense in the euro area, it lasted longer than in the United States.
The day proceeds in the afternoon with an intense series of activities and meetings devoted to schemes for financing digitalization, both private and public, and a comparison of economic models.
It's an economic destination in comparison to the European countries, the money-changers are found in the tourist place but they generally apply elevated commission, the ATMs are diffused, are also found in the petrol stations.
In the Adria-Wien judgment, an energy tax relief provided undertakings producing goods with an economic advantage in comparison with those in the service sector, despite the fact that undertakings in the service sector can also be relatively large energy consumers.
Main Topics: World, European and Italian Economic Development, Global Dynamics and Forecasts, Comparison of Economic Systems, Convergence, Competitiveness and Exchange Rate, Energy policy
welcomes the adoption at European level of socio-economic evaluation methods enabling comparisons between projects to be made on a harmonised basis so as to evaluate their European added value;
Technical economic analysis of connectivity services offered by major operators with comparisons and evaluations on roaming and territorial coverage.
In comparison with its neighbours, Kenya has a considerable economic potential.

Alternatives:

financial comparison
cost analysis
revenue evaluation
investment assessment
economic evaluation

EFFICIENCY COMPARISION

This phrase contains a spelling error ('comparision' should be 'comparison'). The correct form is 'efficiency comparison'.

The correct phrase is 'efficiency comparison', which is used when comparing the effectiveness or productivity of different processes, systems, or methods.

Show examples from the web [+]

Moreover it contains explanations of DIN standards, tables for calculation for the determination of efficiency as well as tables for comparision of tensile strength and hardness.

Alternatives:

effectiveness comparison
productivity analysis
performance evaluation
efficiency assessment
effectiveness review

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ECONOMIC COMPARISON vs EFFICIENCY COMPARISION