Efficiency refers to the act of ‘doing things appropriately’. The efficient acts are the ones in which our input generates a useful effect and are functional to our cause. Precisely, efficiency is the ability to act or produce effectively with a minimum of waste, expenditure or unnecessary effort. The focus is on the resources and …
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The COVID Impact on SMEs in India
It has been more than a year now since the first lockdown was imposed in India due to the outbreak of the COVID-19 pandemic. All of our lives have been impacted heavily due to it and has changed a lot since then. One sector that has faced drastic challenges during these testing times is the …