National Efficiency

National efficiency refers to how effectively a country utilizes its resources—such as labor, capital, and technology—to produce goods and services. It measures how well a nation converts inputs into outputs, aiming for maximum productivity and growth with minimal waste. Higher efficiency means the country is making the best use of its resources, leading to improved standards of living, economic stability, and competitive strength in global markets. Essentially, it’s about optimizing resource use to achieve the best possible economic outcomes for the nation.