Productivity

Productivity is a measure of the efficiency of production, typically expressed as the ratio of outputs to inputs in a given process. It reflects how effectively resources—such as labor, capital, and materials—are utilized to generate goods or services. High productivity indicates that more output is being produced with the same amount of inputs, while low productivity suggests inefficiencies or wastage. Productivity can be evaluated in various contexts, including individual performance, organizational output, and economic growth on a national scale. It is often linked to increased profitability, competitiveness, and overall economic health. Additionally, productivity can be influenced by factors such as technology, employee skills, working conditions, and management practices. In essence, productivity serves as a key indicator of performance and effectiveness in various fields.