Question

write short note on productivity?​

Answer 1

Productivity refers to the rate of output per unit of labor, capital or equipment  (input). We can measure it in different ways. We can measure the productivity of a factory according to how long it takes to produce a specific good. In the services sector, on the other hand, where units of goods do not exist, it is harder to measure. Some service companies base their measurement on how much revenue each worker generates. They then divide that amount by their salary.

According to The Motley Fool, a financial and investing advice company, in a factory, you can measure productivity by dividing the total output by the number of workers. Imagine a table factory that employs 100 people producing 2000 tables per day. The productivity of each employee is:

2000 (tables) ÷ 100 (workers) = 20 tables per worker per day

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Answer 2

Answer:

Productivity is a measure of the efficiency of production. It is a ratio of actual output (production) to what is required to produce it ( inputs ). Productivity is measured as a total output per one unit of a total input

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