What is a MBE? Minority group members are United States citizens who are Asian, Black, Hispanic and Native American. Ownership by minority individuals means the business is at least 51% owned by such individuals or, in the case of a publicly-owned business, at least 51% of the stock is owned by one or more such individuals i.e. the management and daily operations are controlled by those minority group members. Definition.
On the sea side, Mr Werdell was struck by âthis hugely productive bloom of biologyâ that exploded in the Pacific along the equator from 1997 to 1998, when a water-warming El Nino event merged into cooling La Nina. This algae bloom is evident by a line of bright green.
Productive efficiency occurs under competitive equilibrium at the minimum of average total cost for each good, such as the one shown here. Productive efficiency is a situation in which the economy could not produce any more of one good without sacrificing production of another good. The concept is illustrated on a production possibility frontier (PPF), where all points on the curve are points of productive efficiency.