Explain productivity measurement with a suitable example.
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Productivity measurement is the measure of the quantity of output produced by one unit of production input in a unit of time. For example, a certain equipment can produce 10 tons of output per hour. Economic productivity is the value of output obtained with one unit of input.
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Here's your answer!!
Productivity measurement is the measure of the quantity of output produced by one unit of production input in a unit of time. For example, a certain equipment can produce 10 tons of output per hour. Economic productivity is the value of output obtained with one unit of input.
Hope it helps you!
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