A so-called "effective" algorithm may require arbitrarily large finite amounts of time and space resources, and hence may not be practical in the real world. A "feasible" algorithm is one which only requires a limited amount of space and/or time for execution; the general idea is that a feasible algorithm is one which may be practical on today's or at least tomorrow's computers. There is no definitive analogue of Church's thesis giving a mathematical definition of feasibility; however, the most widely studied mathematical model of feasible computability is polynomial-time computability....
A so-called "effective" algorithm may require arbitrarily large finite amounts of time and space resources, and hence may not be practical in the real...