Define productivity. what are different ways to measure productivity
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It is the economic measure of output per unit input.
Input include labour ,capital while output is measured in revenues and other GDPs.
WAYS TO MEASURE :-
1. By comparing amount of goods and services produced.
2. Labour Productivity
Input include labour ,capital while output is measured in revenues and other GDPs.
WAYS TO MEASURE :-
1. By comparing amount of goods and services produced.
2. Labour Productivity
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