Has the transfer from public to private ownership improved productive efficiency?

An economy may have productive efficiency but not allocative efficiency.

By construction, each point on the curve shows productive efficiency in maximizing output for given total inputs.

Likewise, the productive efficiency of the United States is vastly greater now than it was even a few decades ago.

However, an economy may achieve productive efficiency without necessarily being allocatively efficient.

The effects of the Technical Assistance Program were not limited to improvements in productive efficiency.

For a given level of wages, this loss of productive efficiency would result in lower average profits.

There is an obvious connection between profit maximisation and productive efficiency.

Mergers can benefit corporations by reducing competition or by increasing productive efficiency.

By this term economists mean something very specific, that competitive free markets deliver allocative, productive and dynamic efficiency.