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In microeconomic theory, productive efficiency (or production efficiency) is a situation in which the economy or an economic system (e.g., bank, hospital, industry, country) operating within the constraints of current industrial technology cannot increase production of one good without sacrificing production of another good. [1]
Productive efficiency: no additional output of one good can be obtained without decreasing the output of another good, and production proceeds at the lowest possible average total cost. These definitions are not equivalent: a market or other economic system may be allocatively but not productively efficient, or productively but not allocatively ...
Efficiency is very often confused with effectiveness. In general, efficiency is a measurable concept, quantitatively determined by the ratio of useful output to total useful input. Effectiveness is the simpler concept of being able to achieve a desired result, which can be expressed quantitatively but does not usually require more complicated ...
Articles relating to the economics of production, the process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (output).
Productivity is the efficiency of production of goods or services expressed by some measure. Measurements of productivity are often expressed as a ratio of an aggregate output to a single input or an aggregate input used in a production process, i.e. output per unit of input, typically over a specific period of time. [1]
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Time management, the process of planning and exercising conscious control over the amount of time spent on specific activities, especially to increase effectiveness, efficiency or productivity. Productivity software , application software used for producing information (such as documents, presentations, worksheets, databases, charts, graphs ...
The Vietnam Academy of Science and Technology (VAST; Vietnamese: Viện Hàn lâm Khoa học và Công nghệ Việt Nam) is the largest and most prominent research institute in Vietnam. It was founded on 20 May 1975 as the Vietnam Academy of Science, then subsequently assumed its current name in 2008.