Concept information
Preferred term
productive efficiency
Definition
- Productive efficiency, measured by the ratio between output and input, improves when the same input yields more, or better, output and is maximal when the output cannot be increased without increasing input. When the input is monetized and the output is not, the measurement can be called cost-effectiveness, cost utility, or cost efficacy. [Source: Encyclopedia of Business Ethics and Society; Productive Efficiency]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/productive_efficiency
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