Mechanical advantage is defined as the ratio of resistance overcomes to the effort applied.
Velocity ratio of simple machine is the ratio of distance travelled by effort to the distance travelled by load in the machine.
The efficiency of a simple machine is defined as the ratio of useful work done by machine (output work) to the total work put into the machine (input work).
For ideal or perfect machine, work output is equal to the work input but in practice, the work output of a machine is always less than work input due to the effect of friction.