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These terms cannot be interchanged and have a specific meaning. Efficiency is the ability of an intervention to have effects on a specific marker in relation to a condition without it necessarily been relevant to patients. The study is done under highly controlled conditions with highly compliant participants.
Efficiency is when a market that is guided by the invisible hand is able to capture all of the possible consumer and producer surplus. When all surplus is realized it is then â¦ that we can say a market is efficient. However, efficiency is not the only goal of an economic policy maker.