What is productivity?
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Productivity is a rate of production at which nation is growing the quality things in all the aspects .
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The production of various goods and services by efficient usage of resources, land, capital, materials, energy etc is termed as productivity.
Productivity may be defined a measure of the efficiency of an individual, machine, factory, system, etc., in converting inputs into useful outputs. Productivity is computed by dividing average output per period by the total costs incurred or resources consumed in that period.
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