Answer:
Efficiency
Step-by-step explanation:
In economics, it is commonly known that human wants are unlimited but the resources to satisfy these wants are limited.
The term efficiency is used to allocate available limited resources in the most effective streamlined ways by cutting unnecessary waste. Efficiency creates least production cost, maximum production output and surplus from the market.
Efficiency reduces or cut waste of resources like energy , physical materials, time etc whereas the desired production output is met.