Production efficiency

Production efficiency,

Definition of Production efficiency:

  1. Production efficiency is an economic term describing a level in which an economy or entity can no longer produce additional amounts of a good without lowering the production level of another product. This happens when production is reportedly occurring along a production possibility frontier (PPF).

  2. An operational state whereby a company cannot increase output of a specific good or service without additional costs.

  3. Production efficiency may also be referred to as productive efficiency. Productive efficiency similarly means that an entity is operating at maximum capacity.

How to use Production efficiency in a sentence?

  1. Analysts can also measure various types of production efficiency by using the equation: Output Rate รท Standard Output Rate x 100.
  2. The concept of economic production efficiency centers around the charting of a production possibility frontier.
  3. Economic production efficiency refers to a level in which an entity has reached maximum capacity.

Meaning of Production efficiency & Production efficiency Definition

Production Efficiency,

Production Efficiency:

  • Production capacity is an economic term that describes the rate at which an economy or unit cannot produce an additional quantity of good without reducing the rate of other goods. This occurs when the production capacity limit (PPF) is exceeded.

    • Productivity refers to the rate at which a company has reached its maximum potential.
    • The concept of production profit focuses on mapping the boundaries of production potential.
    • Analysts can also measure different types of production efficiency using the following equations: Production Rate Production Standard Production Rate x 100.

Literal Meanings of Production Efficiency

Production:

Meanings of Production:
  1. Preparation or preparation of ingredients or raw materials or manufacturing process.

  2. Financial and administrative or administrative processes involved in filming, viewing and recording.

Sentences of Production
  1. Manufacture of chemical weapons

  2. The movie is still ready

Synonyms of Production

manufacture, manufacturing, making, producing, construction, building, fabrication, assembly, creation

Efficiency:

Meanings of Efficiency:
  1. Condition or quality of performance.

Sentences of Efficiency
  1. High energy efficiency

Synonyms of Efficiency

organization, order, orderliness, planning, regulation, logicality, coherence, productivity, effectiveness, cost-effectiveness