This essay sheds light on what are economic efficiencies, explicates what causes economic efficiencies to emerge in an economy, and expounds upon the benefits of economic efficiencies emerging in an economy. Succinctly stated, economic efficiencies are the underpinnings of an efficient economy. An efficient economy is often replete with economic efficiencies. Economic efficiencies are the efficacious usage of resources in an economy. Resources in an economy can include the tangible resources and intangible resources in an economy. Some of the tangible resources in an economy encompass raw materials, equipment, facilities, artificial intelligence-powered robots, and vehicles. Some of the intangible resources in an economy encompass labor, fiat currency, intellectual properties, software programs, brand equity, brand reputation, product development knowledge, and research findings. Another intangible resource in an economy is a person's precious time. It is beneficial to an economy when a person's sacrosanct time is never misused. A person's sacrosanct time should be utilized in a prudent manner. The prevalence of economic efficiencies in an economy can also help to cultivate economic growth in an economy. Economic efficiencies are the antitheses of economic inefficiencies. In stark contrast to economic efficiencies that are the underpinnings of an efficient economy, economic inefficiencies are the underpinnings of an inefficient economy. Economic inefficiencies are the inefficacious usage of resources in an economy. The pervasive presence of economic inefficiencies in an economy can render it more cumbersome for a person who works a real private sector job based on voluntary demand to be able to afford to augment his standard of living. Furthermore, the pervasive presence of economic inefficiencies in an economy can also adversely undermine the economic growth potential of an economy. It can be arduous for a person who works a real private sector job based on voluntary demand to be able to afford to augment his standard of living since the cost to attain a high standard of living is exorbitant. In this controlled market economy, the cost of living is inordinate and is on a trajectory to continually amplify every year. The causes of economic efficiencies in an economy are multitudinous. Favorable economic policies elicit economic efficiencies in an economy. Favorable economic policies in an efficient economy are not limited to the prohibition of counterproductive business-stifling regulations, the prohibition of the mandate to purchase products that people are disinterested in purchasing, and the prohibition of the mandate to purchase services that people are disinterested in purchasing. Furthermore, another favorable economic policy in an economy encompasses the prohibition of the flagrantly deplorable injustice of slavery being perniciously perpetrated against people. Moreover, additional favorable economic policies in an economy encompass the option for people to voluntarily contribute to funding a voluntary universal basic income and the option for people to voluntarily choose to be the beneficiaries of a voluntary universal basic income. In an efficient economy, people have purview over how all of their money is expended and over how all of their time is earmarked. Favorable economic policies that prohibit unfavorable economic policies from being implemented in an economy are able to prompt economic efficiencies in an economy. Furthermore, favorable economic policies that prohibit unfavorable economic policies from being implemented in an economy are also able to help transform an economy into an efficient economy. An efficient economy is replete with favorable economic policies. The implementation of unfavorable economic policies in an economy is conducive to transforming an economy into an inefficient economy. An inefficient economy is replete with unfavorable economic policies. Furthermore, an inefficient economy is an economy that is also devoid of favorable economic policies. The implementation of unfavorable economic policies in an economy elicits economic inefficiencies in an economy. Moreover, the implementation of unfavorable economic policies in an economy not only severely undermines the economic growth potential of an economy, but is also unconducive to helping to transform an economy into an efficient economy.