RomanV wrote:Efficiency and Economy are one and the same.
(example) A 2 stroke engine has 1 Power producing stroke for every 2 strokes in it's cycle. A 4 stroke engine also has 1 power producing stroke but there are 3 "dead strokes" in it's cycle. Therefore the 2 stroke is said to be more "efficient" than the 4 stroke in that there is less wasted energy in it's operation.......Is the 2 stroke engine also therefore more economical? No, it does more work and therefore uses more fuel.
A turbocharged engine "recycles" exhaust gas energy that would otherwise be lost through the exhaust system on an NA engine. It uses this energy to produce MORE power during the next cycle. So therefore it is MORE efficient as there is less energy wasted. Does this mean that the turbocharged engine is also therefore more economical? No, it does more work and therefore uses more fuel.
Efficiency is a measure of how much energy taken in is lost again as waste. Economy is a measure of how much energy is required to carry out a certain amount of work. They're similar but not the same. Efficiency is generally a constant dependent on engine type (most petrol engines today are only about 30% efficient) but economy can vary from car to car even on cars of the same type with the same engine