Productivity
From The Art and Popular Culture Encyclopedia
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Productivity describes various measures of the efficiency of production. A productivity measure is expressed as the ratio of output to inputs used in a production process, i.e. output per unit of input. Productivity is a crucial factor in production performance of firms and nations. Increasing national productivity can raise 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 also helps businesses to be more profitable. There are many different definitions of productivity and the choice among them depends on the purpose of the productivity measurement and/or data availability.
See also
- Agile construction
- Assembly line
- Computer-aided manufacturing
- Counterproductive work behavior
- Division of labour
- Industrial Revolution
- Mass production
- Productive and unproductive labour
- Production (economics)
- Production, costs, and pricing
- Productive forces
- Production function
- Productivity model
- Production possibility frontier
- Production theory basics
- Productivity improving technologies (historical)
- Second Industrial Revolution
