Definition of Productive capacity

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TeachMeFinance.com - explain Productive capacity



Productive capacity

The term 'Productive capacity' as it applies to the area of energy can be defined as ' The maximum amount of coal that a mining operation can produce or process during a period with the existing mining equipment and/or preparation plant in place, assuming that the labor and materials sufficient to utilize the plant and equipment are available, and that the market exists for the maximum production'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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