Productivity: Is the efficiency of

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 most common example is the (aggregate) labour productivity measure, one example of which is GDP per worker. There are many different definitions of productivity ... Learn what productivity is and why it is important, discover the benefits of productivity , and explore strategies for improving productivity in the workplace. What is productivity ? Productivity is the measure of how efficiently you produce output from a certain amount of input. In simpler terms, it’s getting the most out of what you put in, whether that’s time, effort, resources, or materials. Productivity growth is thus an anti- inflationary factor, although inflation is basically a monetary phenomenon. There is a significant negative correlation between relative industry changes in productivity and in prices—when productivity rises, price tends to fall.