Question

Productivity can be increased by ​

Answer 1

Answer:

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Explanation:

If the level of output is increased faster than that of input, productivity will increase. Conversely, productivity will be increased if the level of input is decreased faster than that of output. Also, an organization may realize a productivity increase from producing more output with the same level of input.

Answer 2

The output can be increased while maintaining the same amount of inputs to increase productivity.

Productivity: What Is It?

• In economics, productivity is the ratio of output to input, such as labour, capital, or any other resource.
• It is frequently determined for the economy as a ratio of hours worked to gross domestic product (GDP).
• It is possible to study patterns in salary growth, wage levels, and technical advancement by further segmenting labour productivity.
• Productivity increase is directly related to corporate earnings and shareholder returns.
• Productivity is a measure of a company's production process efficiency at the corporate level.
• It is calculated by comparing the number of units produced to employee labour hours or by comparing the company's net sales to employee labour hours.

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