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- Dictionaryproductivity/ˌprɒdʌkˈtɪvɪti/
noun
- 1. the state or quality of being productive: "the long-term productivity of land"
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the rate at which a company or country makes goods, usually judged in connection with the number of people and the amount of materials necessary to produce the goods: Studies show that if a working environment is pleasant, productivity increases. a productivity bonus / incentive.
Jun 26, 2024 · Productivity is a measure of performance that compares the output of a product with the input, or resources, required to produce it. The input may be labor, equipment,...
Productivity is the efficiency of production of goods or services expressed by some measure. Measurements of productivity are often expressed as a ratio of an aggregate output to a single input or an aggregate input used in a production process, i.e. output per unit of input, typically over a specific period of time. [1] .
The meaning of PRODUCTIVITY is the quality or state of being productive. How to use productivity in a sentence.
May 17, 2024 · Productivity is a measure of output relative to input. Labor productivity is the most common productivity measure—it’s defined as economic output (gross domestic product, or GDP) per hour worked. Labor productivity is typically the biggest determinant of economic and wage growth in the long term.
Mar 23, 2023 · Productivity is a measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs. It's also a hot topic these days. For many of us, productivity is an absolute good, an obvious goal for ourselves as much as for the organizations where we work.
the rate at which a company or country makes goods, usually judged in connection with the number of people and the amount of materials necessary to produce the goods: Studies show that if a working environment is pleasant, productivity increases. a productivity bonus / incentive.
productivity, in economics, the 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 of some category of goods divided by the total input of, say, labour or raw materials. In principle, any input can be used in the denominator of the productivity ratio.
McKinsey Explainers. What is productivity? Simply put, productivity measures the amount of value created for each hour that is worked in a society. February 2023. Focus up: you probably know that the amount of work you can get done in one day is your rate of productivity.
productivity. noun. /ˌprɒdʌkˈtɪvəti/ /ˌprəʊdʌkˈtɪvəti/, /ˌprɑːdʌkˈtɪvəti/ [uncountable] the rate at which a worker, a company or a country produces goods, and the amount produced, compared with how much time, work and money is needed to produce them. high/improved/increased productivity. Wage rates depend on levels of productivity.
