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production efficiency
pro·duc·tion ef·fi·cien·cy


noun 
Definition:
 
equilibrium of business production: a situation in which a company is producing goods at maximum efficiency so that it can only increase production of some goods by decreasing that of others
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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