Definitions from Wiktionary (productive efficiency)
▸ noun: Productive efficiency is a type of economic efficiency achieved when a firm operates at minimum costs, by using the appropriate inputs to produce the maximum output possible.
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▸ noun: Productive efficiency is a type of economic efficiency achieved when a firm operates at minimum costs, by using the appropriate inputs to produce the maximum output possible.
Similar:
perfect competition,
production possibility curve,
producer good,
absolute advantage,
economies of scale,
output,
factor of production,
law of diminishing returns,
rational decision making,
producer surplus,
more...
Opposite:
Types:
▸ Words similar to productive efficiency
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▸ Wikipedia articles (New!)
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▸ Rhymes of productive efficiency
▸ Invented words related to productive efficiency