Productive efficiency means that goods and services are being produced by society in the least costly way.

Name: Productive efficiency means that goods and services are being produced by society in the least costly way.
Brand: Quizplus
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Quizplus · Accepted Answer

Productive efficiency is achieved when production is done in the least expensive way possible while still producing high-quality goods and services. This means that resources are used in the most efficient manner and waste is minimized, allowing for lower costs and higher output.

Productive Efficiency Means That Goods and Services Are Being Produced