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- a decision based only on a specific rule or rules and not on any other consideration:
dictionary.cambridge.org/us/dictionary/english/technicality
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Jun 28, 2019 · Diagrams, definitions and clear explanations for different types of efficiency. Including productive, allocative, x-efficiency, technical efficiency, social, efficiencies of scale, Pareto efficiency.
a decision based only on a specific rule or rules and not on any other consideration: The case was dismissed on a technicality and will be retried at a later date. (Definition of technicality from the Cambridge Academic Content Dictionary © Cambridge University Press) Examples of technicality. technicality.
Technical efficiency is the effectiveness with which a given set of inputs is used to produce an output. A firm is said to be technically efficient if a firm is producing the maximum output from the minimum quantity of inputs, such as labour, capital, and technology.
Economic terms, from “absolute advantage” to “zero-sum game”, explained to you in plain English
What does the noun technicality mean? There are three meanings listed in OED's entry for the noun technicality . See ‘Meaning & use’ for definitions, usage, and quotation evidence.
A technicality is a point, especially a legal one, that is based on a strict interpretation of the law or of a set of rules but that may seem unimportant compared to a larger issue. [...]
TECHNICALITY definition: a small detail of a law or rule. Learn more.
