bronchiole definition : bronchiole The bronchioles or bronchioli are the passageways by which air passes through the nose or mouth to the alveoli (air sacs) of the lungs, in which branches no longer contain cartilage or glands in their submucosa.
The Economic Performance Index (EPI) is a macro-indicator that examines the overall performance of a countryâs economy and reports any deviation from the desired level of economic performance. Similar to the construction of GDP, which measures the overall output of an economy, the EPI reflects the active in the economyâs three main sectors: households, firms, and government. The EPI comprises variables that
Economic efficiency. In economics, the term economic efficiency refers to the use of resources so as to maximize the production of goods and services. An economic system is said to be more efficient than another if it can provide more goods and services for society without using more resources. In absolute terms, a situation can be called economically efficient if: âNo one can be made better off without making someone else worse off. âNo additional output can be obtained without increasing the amount of inputs. âProduction proceeds at the lowest possible per-unit cost.