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What does inefficiency mean?

Looking for the meaning or definition of the word inefficiency? Here's what it means.

Noun
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I have been impressed by rhetoric on dealing with inefficiency in the public services.
Its long-held image of benevolent inefficiency has dogged it ever since it was incorporated into a public limited company.
These unhealthy developments have led to thorough demoralization in the bureaucracy, rampant indiscipline and all round inefficiency.
As with any other enterprise, they may well find that eliminating inefficiency and closing loopholes opens the path to the pot of gold.
All this practice breeds is confusion, inefficiency and dissatisfied customers.
In addition, logistics inefficiency increases transaction costs that in turn put more downward pressure on competitiveness.

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