Question

1) Give the concept of productivity​

Answer 1

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Productivity can be defined as the measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs which is most useful for us.

Productivity is calculated by dividing the average output per period by the total costs incurred or resources such as capital, energy and the material consumed in that period.

Productivity is of 5 types are:-

1. Technical Concept

2. Social Concept

3. Economic Concept

4. Management Concept

5. Integrated Concept

As we know that in technical Concept, the term productivity is abroad concepts which involves two major aspects are:-

1. Output :- It is the product of an operation is called an output.

2. Input :- It is the resources consumed in the production is called input.

Productivity = Output / Input

Now,

As we know that in Management Concept, the term productivity means the management needs to provides a working definition to manage and improve productivity at micro or organisation levels.