Productive efficiency definition
Productive efficiency. , which means that the costs of production are minimised;
Productive efficiency means a measure of a company‟s ability to either maximise outputs from a given set of inputs, or to produce a given outputs with a minimal set of inputs;
Productive efficiency means that the costs of production are minimized.
Examples of Productive efficiency in a sentence
Under conditions of perfect competition, allocative efficiency is ensured because price and marginal cost are equal.48 • Productive efficiency exists where, in conditions of perfect competition, goods and services are produced at the lowest cost possible, meaning that as little of society’s resources are used as possible in the production process.49 For example, firms with 46 Ibid, para 293: “BA cannot accuse the Commission of failing to demonstrate that its practices produced an exclusionary effect.
Productive efficiency 0.88 0.15 0.16* 0.01 -0.24* 0.11* -0.12* 0.13* 0.12* 1.00 9.