Many years ago I was taught that for generating lift or propulsion, lower losses were associated with imparting less momentum change to a larger volume of air, and higher losses were seen when imparting larger momentum changes to a smaller volume of air - and that the losses were due to friction (i.e., the air's viscosity).
The propulsive example of this is the commonly-cited turbojet-versus-high bypass turbofan engine comparison, and I had been under the impression that the airfoil example was high aspect ratio versus low aspect ratio wing designs. However, having just learned that this is in fact incorrect (it has to do with induced drag instead), is there in fact any connection at all between the imparted momentum change/volume of air argument and airfoil aspect ratio?