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Acronyms that contain the term productive efficiency 

What does productive efficiency mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: productive efficiency.

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E

Efficiency

Academic & Science » Physics

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HE

High Efficiency

Miscellaneous » Unclassified

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HEPA

High Efficiency Particulate Air

Academic & Science » Electronics

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TPM

Total Productive Maintenance

Governmental » Military

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TPM

Total Productive Maintenance

Business » Products

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WUE

Water- Use Efficiency

Academic & Science » Ocean Science

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WUE

Water- Use Efficiency

Community

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EER

Energy Efficiency Ratio

Miscellaneous » Unit Measures

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PER

Protein Efficiency Ratio

Medical » Human Genome

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PAE

Power-Added Efficiency

Academic & Science » Electronics

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EER

Energy Efficiency Rating

Business » Products

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TE

Total Efficiency

Academic & Science » Electronics

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DQE

Detective Quantum Efficiency

Academic & Science » Physics

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VE

Volumetric Efficiency

Medical » Physiology

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ME

Mental Efficiency

Medical » Physiology

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SEER

Seasonal Energy Efficiency Rating

Governmental » Environmental

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SEER

Seasonal Energy Efficiency Rating

Business » Products

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PER

Player Efficiency Rating

Sports

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SEER

Seasonal Energy Efficiency Ratio

Governmental » Energy

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AFUE

Annual Fuel Utilization Efficiency

Governmental » Transportation

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MERV

Minimum Efficiency Reporting Value

Business » General Business

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ER

Efficiency Review

Miscellaneous » Unclassified

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BFE

Bacterial Filtration Efficiency

International » French

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OEE

Overall Equipment Efficiency

Computing » Hardware

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PB

Productive Burp

Miscellaneous » Food & Nutrition

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What does productive efficiency mean?

Productive efficiency
Productive efficiency occurs when the economy is using all of its resources efficiently. The concept is illustrated on a production possibility frontier where all points on the curve are points of maximum 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. Productive efficiency occurs when production of one good is achieved at the lowest resource cost possible, given the level of production of the other good. Equivalently, it occurs when the highest possible output of one good is produced, given the production level of the other good. In long-run equilibrium for perfectly competitive markets, this is at the base of the average total cost curve—i.e. where marginal cost equals average total cost. Productive efficiency requires that all firms operate using best-practice technological and managerial processes. By improving these processes, an economy or business can extend its production possibility frontier outward, so that efficient production yields more output.

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