The production of maximum output from a given set of inputs, thus reaching the production possibility frontier. Just one aspect of achieving economic efficiency.
Related information about productive efficiency:
- Productive efficiency - Wikipedia, the free encyclopedia
Productive efficiency occurs when the economy is utilizing all of its resources efficiently. The concept is illustrated on a production possibility frontier (PPF) where ...
- Productive Efficiency | Economics Help
Productive efficiency is concerned with producing goods and services with the optimal combination of inputs to produce maximum output for the minimum cost.
- Production Efficiency Definition | Investopedia
1. An economic level at which the economy can no longer produce additional amounts of a good without lowering the production level of another product.
- Allocative vs. productive efficiency | The Incidental Economist
Feb 7, 2012 ... The best paper I've read documenting the various inefficiencies of the US health system is this, ungated PDF, by Katherine Baicker and ...
- The Measurement of Productive Efficiency - JStor
This content downloaded by the authorized user from 192.168.82.218 on Thu, 29 Nov 2012 14:12:01 PM. All use subject to JSTOR Terms and Conditions ...
- Allocative and Productive Efficiency in Perfectly Competitive Markets ...
Feb 27, 2012 ... Perfectly competitive markets, as rare as they are in reality, are useful to examine in theory, for they exhibit characteristics that no other market ...
- What is productive efficiency in economics
Productive efficiency (also known as technical efficiency) occurs when the economy is utilizing all of its resources efficiently, producing most output from least ...
- Productive Efficiency—How?
Physicists label a system efficient if it minimizes the energy expended in accomplishing some task, while environmentalists talk about efficiency as the absence ...