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Maximum output, minimum wastethe art of doing more with less drama.

means Achieving a desired result with the least possible waste of effort, time, energy, or money.

from From Latin efficere, to accomplish, blending ex- (out) and facere (to make) — literally to make happen, fully.

Not effectiveEfficient does it cheaply; effective does it right.
Physics borrowEngine efficiency measures useful work versus energy burned.
EconomicsMarkets called efficient when prices reflect all known information.
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