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  3. Finance Glossary
  4. Terms Beginning With P
  5. Production Efficiency

Production Efficiency

Definition of 'Production Efficiency'

More output of one good can be obtained only by sacrificing output of other goods.

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Related Terms

Overhead CostsAllocational Efficiency of MarketsMEIProduction FunctionVariable Factor of ProductionCompetition PolicyEfficiency FrontierEfficiency WagesEuropean Single MarketMarginal Efficiency of InvestmentOperational Efficiency of a MarketOptimal PortfolioSemi-Strong EfficiencySole ProprietorStrong Form EfficiencyWeak Form EfficiencyAdjustment ProgrammeAgricultural ProtectionAverage CostBusiness Cycle

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