Question

define the concept of productivity and measures should be taken to increase productivity​

Answer 1

Answer:

Productivity growth is frequently lauded by the business community, media commentators and politicians as the solution to improving living standards, yet there is little agreement on what productivity actually is.

To economists, productivity is the efficiency with which firms, organizations, industry, and the economy as a whole, convert inputs (labor, capital, and raw materials) into output. Productivity grows when output grows faster than inputs, which makes the existing inputs more productively efficient. Productivity does not reflect how much we value the outputs — it only measures how efficiently we use our resources to produce them.

Answer 2

The entire input capacity vs. total output capacity is determined by productivity.

• It assesses how effectively production inputs like labour and necessary capital are properly employed in a particular economy to efficiently generate a certain amount of economic output.
• Various measures to increase productivity are -

1. Management of land and water resources of an area towards better utilisation of our land and water resources.
2. Improved seeds possess the potential to expand production significantly. Many areas as well as the utilization of high-yielding cultivars, have abundantly demonstrated this.
3. Implementation of land reforms and proper agriculture practices for efficient and effective use of land
4. Irrigation facilities are required for the use of better crops and fertilizers. It can also allow for repeated cropping in a variety of locations, increasing production.