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Productive efficiency is an aspect of economic efficiency that focuses on how to maximize output of a chosen product portfolio, without concern for whether your product portfolio is making goods in the right proportion; in misguided application, it will aid in manufacturing the wrong basket of outputs faster and cheaper than ever before.
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 ...
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.
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]
Efficiency is the often measurable ability to avoid making mistakes or wasting materials, energy, efforts, money, and time while performing a task. In a more general sense, it is the ability to do things well, successfully, and without waste.
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Productivity-improving technologies date back to antiquity, with rather slow progress until the late Middle Ages. Important examples of early to medieval European technology include the water wheel, the horse collar, the spinning wheel, the three-field system (after 1500 the four-field system—see crop rotation) and the blast furnace.
Le Quy Don Technical University (Vietnamese: Đại học Kỹ thuật Lê Quý Đôn), also known as Military Technical Academy (Học viện Kỹ thuật Quân sự), [1] was founded in 1966 and is one of the national key universities in Vietnam. Le Quy Don Technical University has developed into an open, multidisciplinary, research-oriented ...