Consumers benefit from productive efficiency by paying the lowest product price possible under the prevailing technology and cost conditions, causing firms to earn only normal profit.
Producing as much as feasible from the resources that are available in an economy is the economic principle known as productive efficiency, sometimes referred to as production efficiency. The production of another product would have to be reduced in order to produce any additional units after a business or market reaches productive efficiency.
A situation where an economy or economic system functioning within the limitations of present industrial technology is unable to enhance output of one good without reducing production of another is referred to as productive efficiency in microeconomic theory.
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