Productivity is the relationship between the total amounts of goods or services being produced and the organizational resources needed to produce them.

Question

Quizplus · Accepted Answer

Productivity measures how efficiently production inputs, such as labor and capital, are being used in an economy to produce a given level of output. It is a ratio of actual output (goods or services) produced to the amount of inputs used in the production process.

Productivity Is the Relationship Between the Total Amounts of Goods