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What is the definition of production efficiency?

Production efficiency is a situation in which it is not possible to produce any more units of a good without giving up the opportunity to produce another good unless a change occurs in available productive resources.


How do people act as a resource for a country?

People act as resources to their country by being productive in their country. Being productive entails a lot, for example producing crops in a large scale and hiring people to work for you. You reduce unemployment and play a role in preventing hyper inflaton because you make a certain product available at a reasonable price. On this regard civil servants are also productive.They usually 'produce' service.


What is a production function concept?

Production function Equation that expresses the relationship between the quantities of productive factors (such as labour and capital) used and the amount of product obtained. It states the amount of product that can be obtained from every combination of factors, assuming that the most efficient available methods of production are used. The production function can thus measure the marginal productivity of a particular factor of production and determine the cheapest combination of productive factors that can be used to produce a given output.


Did Gjack Donahue and Nicholas Berrugian Get Wealthy Together?

There is no widely available information regarding Gjack Donahue and Nicholas Berrugian achieving wealth together. Without specific context or details about their endeavors, it's difficult to ascertain their financial status or partnership. If they are involved in a particular business or venture, further details would be needed to provide a more accurate answer.


What is the role of capital market to Nigerian economy?

The role of capital market to Nigerian economy is to mobilize long-term funds. To provide a mechanism for mobilizing private and public savings and makes such funds available for productive purposes.

Related Questions

Is a desert very productive?

A desert can be productive if water is available for irrigation.


Why Ghana is less productive?

less row material available


Why were workers in factory so productive?

Workers were available factory jobs because of the High Wages.


What does Global Fulfillment Services do?

Global Fulfillment Services are the fulfillment of telecommunications services and involve a series of supply chain activities responsible for assembling and making services available for subscribers.


With which program are PDF files associated with?

PDF files are mainly associated with Adobe Reader, available at http://www.adobe.com


What opportunities are revealed when the door of possibility swings open?

When the door of possibility swings open, new opportunities for growth, success, and fulfillment become available.


What was associated with the market revolution?

largely because of the increase in available transportation


Why is marketing is productive?

Marketing is the promotion and selling of the services or the products in a company. Marketing includes research and advertising. Research allows the company to have a perspective on the needs and wants of the consumer. Advertising allows the consumer to know what services and products are available. Marketing is productive for these reasons.


What is India's most agriculture productive area?

according to me Punjab is the most productive area in India in the means of agriculture. being situated in the indo gangetic plains,it is really fertile.also it is the area with 5 rivers that flow all over the state making irrigation facility available in India. thus the Punjab state of India can be considered as the most agriculture productive area :D


What is a sentence for production?

There is land available for food production outside the city. The new model will be in production by the end of the year. Production of the new aircraft will start next year. The car went out of production in 1990.


how can I get grant money for school?

By doing sports and achieving some outstanding results. Also, by participating in different competitions during the school year which are available for you.


Alan is a member of your team He constantly makes himself available to resolve conflicts and make the peace As a result the team is more productive What role does he play on your team?

Fixer