Efficiency = product / (input resources+ input labor + input tool )
This can refer to the mechanical efficiency of the formula :
Mechanical efficiency refers to the ratio of the total power of useful power , represented by the symbol η is calculated as
η = W useful / W total * 100%
But for personal productivity , we always think about the time . Indeed, the economic efficiency of the individual work only on the ability of human individuals , no change in the ability of the former , one of the economic efficiency of the work is constant . This mechanical efficiency of machinery in the absence of a certain modification is the same.
This efficiency is one of the ratio of output to input .
There are various products on the market to the exchange ratio , we call for the general exchange coefficient .
Exchange coefficient = Product 1 / 2 product (Formula 2-4-3 )
According to the efficiency of the preceding efficiency formula = product / ( labor + resources + tools ) ,
If two products into its meaning the same ( labor + resources + tools) .
1 = exchange factor productivity * Product Efficiency 2 ( type 2-4-4 )
That we can know our greatest economic efficiency in the same mode of production inputs through this proportion exchange coefficients.
Because national banknotes , banknote exchange coefficients expressing each product , the exchange coefficient is expressed in the form of price , so in a market economy country , everyone can find their own market prices to the greatest economic efficiency of production .[1]