Economic Efficiency - Productive Efficiency I A Level and IB Economics
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3 жыл бұрынIn this short revision video we cover productive efficiency.
Productive efficiency exists when producers minimize the wastage of resources. Productive efficiency is achieved at an output that minimizes the unit cost (AC) of production
#aqaeconomics #ibeconomics #edexceleconomics
@tutor2u-official 3 жыл бұрын
We have some great free study resource collections for A level Economics and IB Economics - click here www.tutor2u.net/economics/collections
@FarzanasLaw 3 жыл бұрын
AMAZING VIDEO!!!
@tutor2u-official 3 жыл бұрын
Thanks!! Always appreciate positive feedback on our videos!
@nareshdde8357 3 жыл бұрын
Great video
@tutor2u-official 3 жыл бұрын
Thanks!
@fififinance7469 3 жыл бұрын
I procrastinate by watching videos and pretending it is self-help eeek!
@matthewshamas2803 2 жыл бұрын
Isn’t there something called technical efficiency as well?
@tutor2u-official 2 жыл бұрын
Part of productive efficiency - A firm is said to be technically efficient if a firm is producing the maximum output from the minimum quantity of inputs, such as labour, capital, and technology.