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Buying an overseas rival is a relatively more efficient use of the assets.
The capital and labour thus released will be absorbed by industries in which Britain is relatively more efficient, but, then, how many former steel workers do you know who have been re-employed by Goldman Sachs as an investment banker?
"Paying more for local builds, without sufficient strategic defence and spillover benefits to offset the additional cost, diverts productive resources (labour, capital and land) away from relatively more efficient (less assisted) uses," the report says.
If the estimate is accurate, it could confirm the widely held industry perception that Google, with its many large data centers, is relatively more efficient than the mainstream of the data center industry.
This is because East is relatively more efficient at growing wheat, where it is four times as productive as West, than it is at making bikes, where it is only twice as productive.
The results showed that the second model is relatively more efficient (Nourani et al. 2011).
Similar(33)
Internationally, health systems with a stronger primary care sector are relatively more effective and efficient, and generate better patient outcomes [ 1].
The surface morphologies and water contact angles of the polymer molds indicate that this new method is relatively nondestructive and more efficient than conventional oxidation treatments.
Among these feature subset selection methods, DET is relatively simpler and more efficient than the other methods, and has thus been widely used in fault diagnosis [28, 29, 30].
Additionally, standardization and centralized decision-making stimulate results because they ensure a shared basis between units that makes system-wide adaptation, knowledge sharing, and performance monitoring relatively easier and more efficient.
The costlier it is to process and transmit information, the more it makes sense to do things in firms; the cheaper communication becomes, the more efficient (relatively) markets will be.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com