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Legitimisation of Social Economy Entities: Theoretical Framework for Analysis in Polish Conditions Cover

Legitimisation of Social Economy Entities: Theoretical Framework for Analysis in Polish Conditions

Open Access
|Sep 2021

Figures & Tables

Figure 1

Relationship between system efficiency and legitimacy

Terminology used in effectiveness studies

TermSynonymRelated termsDefinition
effectivenessEfficacy, efficiency, rationality, profitability, cost- effectiveness, productivity, performanceOptimal, efficientThe ratio of the useful result to the effort incurred to achieve said result.
effectiveEffectual, rational, economical, profitable, productive, beneficial, cost-effective, resultantOptimal, best, adequatePositive (desired) result, but not necessarily the highest effectiveness.
optimalityMaximum state, minimum stateEffectiveness, rationality, productivityAssumes only values above 1 or other than 0.
optimalThe best in terms of the criterion adoptedEffectiveA state where the objective function reaches an extreme (max. or min.) at given constraints.
Social effectivenessEffectiveness of social production, macroeconomic effectiveness, objective effectiveness, allocation effectiveness, management effectivenessEconomic efficiencyThe results obtained are beneficial for the economy as a whole in terms of the expenditure incurred.
cost-effectivenessManagement effectivenessSocial effectivenessConcerns measurable phenomena and processes that can be shaped.
Effectiveness of workWork efficiency, labour intensityEffectiveness production, entity ofThe ratio of the work result to the workload incurred.
DOI: https://doi.org/10.2478/ijcm-2021-0003 | Journal eISSN: 2449-8939 | Journal ISSN: 2449-8920
Language: English
Page range: 29 - 42
Published on: Sep 15, 2021
In partnership with: Paradigm Publishing Services
Publication frequency: 1 issue per year

© 2021 Małgorzata Marzec, published by Jagiellonian University
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.