Performance and Risks in the European Economy
Economic Efficiency and Social Services
Abstract: The author of this p aper aims at highlighting the theoretical aspects related to both economic
efficiency and with the social services. Econ omic and social reality in which we live and operate daily, e ither
as individuals or as economic entities, increases the emphasis on efficiency. The article analyzes the necessity
of stud ying efficiency within services. At the same time, the analysis focuses on the main perspectives of
efficiency in this area: classical perspective and systemic perspective. The beginning of the millennium is
marked by a series of developments that will surely be amplified in the coming years and it will generate the
reactions triggered by the permanent desire of changing the lifestyle in human society. C ontinuous
improvement of the living standards of individual and economic development entail a new perspective on
services. The place and role of services in modern society is emerging. Services, although part of the economy,
it is a separate branch of it through their related benefits instead of a bridge between the other economic sectors.
Services, like any other human and economic activity are, on the one hand consumers of resources, on the other
hand producing effects.
Keywords: services, economic efficiency, social efficiency
In a broad sense, efficiency means obtaining the most favorable effects from an activity. Any human
activity is, at the same time, resource-consuming and produces effects. In this sense, the notion of
efficiency becomes applicable to the most varied concerns of man.
In another sense, more restrictively, efficiency compares the results of an action with the resources
consumed to produce it.
Economic efficiency is expressed by the relationship between the results obtained in a particular
economic activity and the expenses incurred in the respective activity.
Services, as any other human and economic activity, are on the one hand resource-intensive and on the
other hand productive.
In the sphere of services, the useful effects are complex, so that economic efficiency is closely linked to
the social one.
1 Professor, PhD, Department of Economics, Danubius University of Galati, Romania, Address: 3 Galati Blvd., Galati 800654,
Romania, Tel.: +40372361102, Corresponding author: firstname.lastname@example.org.