#|A|B|C|D|E|F|G|H|I|J|K|L|M|N|O|P|Q|R|S|T|U|V|W|X|Y|Z Index  

Productivity - short version

Figuring out how to do more with the same or fewer resources.

Productivity - long version

Productivity is a measure of the efficiency of production. Productivity is a ratio of what is produced to what is required to produce it. Usually this ratio is in the form of an average, expressing the total output divided by the total input. Productivity is a measure of output from a production process, per unit of input.

At the national level, productivity growth raises living standards because more real income improves people's ability to purchase goods and services, enjoy leisure, improve housing and education and contribute to social and environmental programs. Productivity growth is important to the firm because it means that the firm can meet its (perhaps growing) obligations to customers, suppliers, workers, shareholders, and governments (taxes and regulation), and still remain competitive or even improve its competitiveness in the market place.


IQ Catch Banner


Definition in Chinese | Definition in French | Definition in Italian | Definition in Spanish | Definition in Dutch | Definition in Portuguese | Definition in German | Definition in Russian | Definition in Japanese | Definition in Greek | Definition in Turkish | Definition in Hebrew | Definition in Arabic | Definition in Swedish | Definition in Korean | Definition in Hindi | Definition in Vietnamese | Definition in Polish | Definition in Thai