What is the meant by productivity.explain?
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Hey frnd !!!!☺
Productivity describes various measures of the efficiency of production.
A productivity measure is expressed as the ratio of output to inputs used in a production process, i.e. output per unit of input. Productivity is a crucial factor in production performance of firms and nations.
Hope this helps u ☺
Productivity describes various measures of the efficiency of production.
A productivity measure is expressed as the ratio of output to inputs used in a production process, i.e. output per unit of input. Productivity is a crucial factor in production performance of firms and nations.
Hope this helps u ☺
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