Productive efficiency
id:
productive-efficiency-200-11965798
title:
Productive efficiency
text:
In microeconomic theory, productive efficiency is a situation in which the economy or an economic system operating within the constraints of current industrial technology cannot increase production of one good without sacrificing production of another good. In simple terms, the concept is illustrated on a production possibility frontier (PPF), where all points on the curve are points of productive efficiency. An equilibrium may be productively efficient without being allocatively efficient — i.e
brand slug:
wiki
category slug:
encyclopedia
description:
When one must decrease production of one good to increase another in an economy
original url:
https://en.wikipedia.org/wiki/Productive_efficiency
date created:
date modified:
2023-01-26T07:41:10Z
main entity:
{"identifier":"Q7247859","url":"https://www.wikidata.org/entity/Q7247859"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/6/67/Production_Possibilities_Frontier_Curve.svg","width":470,"height":475}
fields total:
13
integrity:
15