Hyötytehokkuus
Hyötytehokkuus, often translated as utility efficiency or benefit efficiency, is a concept that evaluates the effectiveness of resource allocation or decision-making in relation to the benefits achieved. It measures how well a given output or outcome is produced with the available inputs, considering the value or utility of that output.
In economic contexts, hyötytehokkuus can be analyzed at micro and macroeconomic levels. At a microeconomic level,
At a macroeconomic level, hyötytehokkuus can refer to a nation's ability to generate economic growth and improve
The concept is also applicable in public policy and social welfare. Here, hyötytehokkuus assesses whether public