Productivity in an industrial context is output of an aspect of production per unit of input. It is a method used to measure the quantity of output of worker, machine, or an entire national economy in the making of good, services, or commodities to produce income.
When referring to productivity there are several concepts that we need to know:
- In economics productivity - the amount of output created to produce per unit input used.
- In linguistics productivity – it is the degree to which a grammatical process can be completed to new cases.
- In corporate finance productivity – this is refers to the current year's sales to expense ratio over the previous year's sales to expense ratio.
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