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- DictionaryPro·duc·tiv·i·ty/ˌprädəkˈtivədē/
noun
- 1. the state or quality of producing something, especially crops: "the long-term productivity of land"
The meaning of PRODUCTIVITY is the quality or state of being productive. How to use productivity in a sentence.
Mar 2, 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,...
Productivity definition: the quality, state, or fact of being able to generate, create, enhance, or bring forth goods and services. See examples of PRODUCTIVITY used in a sentence.
Add to word list. the rate at which a country, company, etc. produces goods or services, usually judged in relation to the number of people and the time necessary to produce them: The productivity agreement gives staff an extra 10% pay if the team reaches its sales targets.
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.
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]
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.
