What does it mean for a business to be efficient?

Efficiency is about making the best possible use of resources. Efficient firms maximise outputs from given inputs, and so minimise their costs. By improving efficiency a business can reduce its costs and improve its competitiveness.

most people such as me i dont have one but if   i did i would mostly likely quit my job if the economy was down cylcling that means less money if you go to a bigger job that is prospering you can earn more wage and still be able to feed yourself or why you work all people want more money then they have guarteed most people like me would switch jobs for a better one with higher wage