ECONOMIC COMPARISON vs EFFICIENCY COMPARISON

Both phrases are correct, but they convey slightly different meanings. 'Economic comparison' refers to comparing the financial aspects of two or more entities, while 'efficiency comparison' focuses on comparing the effectiveness and productivity of processes or systems. The choice between the two depends on the context and the specific aspect being compared.

Last updated: April 01, 2024 • 457 views

ECONOMIC COMPARISON

This phrase is correct and commonly used in English.

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

Examples:

The economic comparison between the two companies revealed significant differences in their profit margins.
An economic comparison of the proposed projects is necessary to determine the most cost-effective option.

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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 comparison
investment evaluation
profitability assessment

EFFICIENCY COMPARISON

This phrase is correct and commonly used in English.

This phrase is used when comparing the effectiveness and productivity of processes, systems, or operations.

Examples:

An efficiency comparison of the two manufacturing plants showed that Plant A was more productive than Plant B.
We conducted an efficiency comparison of the new software systems to determine which one would streamline our operations better.

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An approved wheel shall not reduce the brake efficiency in comparison with a manufacturer's replacement wheel.
the Commission does not apply its standard internal quality review procedures to the annual PEGASE DFS programme, which prevents it from fully assessing its effectiveness and efficiency in comparison to other Union aid programmes;
Results clearly highlight (in some case 50% and more) the higher time-energy efficiency of cyclodextrins in comparison to glucose and placebo.
on what basis comparisons of efficiency can be made between very different policies?
As if it was not bad, but its low cost is the key reason why this remedy is absent in retail drugstores, on the background of improbable efficiency in comparison to prices of a surgery:
In particular, where certain mobile operators have not been assigned spectrum in the 900 MHz band, they could be put at a disadvantage in terms of cost and efficiency in comparison with operators that will be able to provide 3G services in that band.
For simplicity practically is as to consider the comparison of efficiency among an car that can work having an alone some marches of the changer in comparison to the normal case.
Higher efficiency in comparison to HCI-T
Greece ranks poorly as regards the public sector in most international comparisons and many problems are thought to derive from insufficient administrative capacity and efficiency.
At the same time, it clarifies personal accountability for administration and facilitates comparison of the efficiency of different administrative branches.
Input/output mass flow accounts should be established, to ensure transparency and enable comparisons of the efficiency of different processes and expose 'sham-recovery'(very low efficiency) operations.
This technique offers the best efficiency on particle collection in comparison to other dust abatement measures/techniques used in the magnesia industry.
In this rich prospect of updating and comparison, a prominent place will ultimately be reserved for the project research and technological innovation in energy efficiency in buildings.
They should be considered neither as benchmarks, nor as a means of reporting on, or drawing comparisons between, the quality and efficiency of different national systems.
(a) comparisons between medicinal products regarding their quality, safety and efficiency, if disseminated by marketing authorisation holders except:
A European currency will make it possible for households and enterprises to make a genuine cross-border comparison of prices of goods and services, thereby fostering competitive efficiency.
Excessive in comparison with what iron rule, what criteria of efficiency?
In comparison to the Cortex-A53 found in 28nm devices, ARM says the new processor is capable of delivering up to 2.5 times the power efficiency than older models.
They should be considered neither as benchmarks, nor as a means of reporting on, or drawing comparisons between, the quality and efficiency of different national systems.
The cost-benefit analysis carried out in accordance with Article 3(1) of Regulation (EC) No 58/2003 has shown that the efficiency of the Agency's operations is higher in comparison with the Commission's.

Alternatives:

effectiveness analysis
productivity evaluation
performance assessment
process comparison
operation efficiency review

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ECONOMIC COMPARISON vs EFFICIENCY COMPARISON