Productive efficiency

An example PPF: points B, C and D are all productively efficient, but an economy at A would not be.

Productive efficiency is a situation in which the economy could not produce any more of one good without sacrificing production of another good. 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. it may result in a distribution of goods where social welfare is not maximized.

单词	Productive efficiency
释义	Productive efficiency 原声例句经济 Crash Course The first is productive efficiency: the idea that products are being made at their lowest possible cost. 第一个是生产效率，即产品以尽可能低的成本生产。英语百科 Productive efficiency Productive efficiency is a situation in which the economy could not produce any more of one good without sacrificing production of another good. 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. it may result in a distribution of goods where social welfare is not maximized.
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