what is productivity. define benefits of productivity
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Productivity is the set of measures taken in order to improve the production of a country. It is a way to balance the input and output of a business firm. It is the process to improves the skills of the labor.
The benefits of productivity are:
(i) Improvement in the productivity of the labor.
(ii) Improvement in the management of the firm/production.
(iii) Expansion of the business firm.
(iv) Increase in profitability.
(v) Increase in competitiveness
(vi) Improvement in meeting in the demands of the market.
The benefits of productivity are:
(i) Improvement in the productivity of the labor.
(ii) Improvement in the management of the firm/production.
(iii) Expansion of the business firm.
(iv) Increase in profitability.
(v) Increase in competitiveness
(vi) Improvement in meeting in the demands of the market.
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