If static efficiency is using the resources you have as efficiently as possible, why is it different to productive efficiency? Productive efficiency is producing maximum output with fewest inputs, which makes them the same doesn't it?
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What's the difference between productive and static efficiency? watch
- Thread Starter
- 05-02-2018 00:10
- 05-02-2018 18:49
it'd be fair to characterize productive [and also allocative] efficiency as basically a subset of static efficiency.