Liberalization in banking

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Liberalization in banking

Efficiency is the maximum output that can be produced from any given total of inputs. It refers to the efficiency of a firm, which allocates resources to produce maximum quantity of output. The allocation efficiency of resource, Sparks, Guthrie and Shepherd. This pinpointed two categories i.e. internal efficiency which referred to effective management within the firm itself like how the ways the management inspires the staff, control costs and keep the operation lean. However, when a company is increased in size, profit flows also show an increase. Hence, the management becomes less effective. Such shortcomings are known as inefficiency in management. Read more...
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