Efficiency

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Efficiency is an important component of the IISS Economic Extension and QREBS metrics.

Description (Specifications)[edit]

Efficiency reflects the current economic system, and includes sensible legal procedures, appropriate tariffs, customs promoting a balanced work ethic, rewards for merit, and social structures which match ability and job.

Negative Efficiency is worse. Efficiency at -1 or less turn the RUs available negative: the Inefficiencies are so destructive as to make the economy a net drain. Such barriers represent a welfare state; cultural influences which do not value wealth, even physical limitations.

On the other hand, since some economies have positive efficiencies: positive multipliers increasing available RUs.

History & Background (Dossier)[edit]

No information yet available.

References & Contributors (Sources)[edit]

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