Productivity
Definition
Productivity refers to the efficiency at which goods or services are produced. It's often measured as output per unit of input over a specific period.
Related terms
Economic Growth: An increase in the production of goods and services over time within an economy - often linked with higher productivity levels.
Efficiency: The ability to produce something with a minimum amount of effort or waste - this is what high productivity aims for.
Output: The amount of goods or services produced by a person, machine, industry, or country.
"Productivity" appears in:
Subjects (8)
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