Final answer:
The aim of Quality Chasm that correlates with avoiding waste in healthcare is efficiency, which seeks to maximize the outputs from given inputs or minimize inputs to produce a certain output.
Step-by-step explanation:
The aim of Quality Chasm that involves avoiding waste of equipment, supplies, ideas, and energy is efficiency. Efficiency in the context of healthcare means using resources in such a way that maximizes the output of any given set of inputs or minimizes the amount of inputs needed to produce a given output, without wasting resources. In economic terms, efficiency is a measure of the effectiveness of the input of energy to do work. It involves producing the optimal quantity of output where the marginal benefit to society of one more unit just equals the marginal cost. This concept is closely aligned with allocative efficiency, which concerns allocating resources in a way that optimizes the benefit to society as a whole.