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What is 'productivity'?*1 pointProductivity is the amount of output that is produced per unit of time.Productivity is the amount of input that is produced per unit of time.Productivity is how fast a job can get done.Productivity only applies to mechanical systems.

Question

What is 'productivity'?*1 pointProductivity is the amount of output that is produced per unit of time.Productivity is the amount of input that is produced per unit of time.Productivity is how fast a job can get done.Productivity only applies to mechanical systems.

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Solution

Productivity is the amount of output that is produced per unit of time. It can also be seen as how fast a job can get done. However, it's not only applicable to mechanical systems, but also to human labor and various sectors of the economy. It's a measure of efficiency, indicating how well input (such as labor, materials, and capital) is being used to produce output (goods and services).

Similar Questions

Productivity is a measure of:A.the investment required to get a business started.B.the growth of a business over a defined period.C.the amount of input needed to create a certain output.D.the profits generated by a single economic decision.

What is the definition of productivity?Multiple choice question.Input per outputOutput per unit of inputProduction that is capital intensiveThe absolute quantity of inputs used in production

The productivity of workers is defined as theGroup of answer choicestotal output produced by the labor force.output produced by a worker per hour.number of hours a worker spends at work.number of workers needed to produce one day's volume of output.

What does productivity measure for a business?A.Its variety of products on the marketB.Its share of a market compared to competitorsC.Its efficiency in creating its productD.Its ability to generate capital investmentSUBMITarrow_backPREVIOUS

Productivity is best measured asResponsesA output per person.output per person.B output per unit of capital.output per unit of capital.C output per unit of technology.output per unit of technology.D output per hour of work.

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