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Define productivity. Explain partial measures of productivity with suitable examples. Ways to improve productivity.
written 5.3 years ago by gravatar for ishandaftardar ishandaftardar • 170 modified 4.0 years ago by gravatar for prashantsaini prashantsaini • 0
industrial engineering and management
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written 5.3 years ago by gravatar for ishandaftardar ishandaftardar • 170 •   modified 5.3 years ago

Productivity is defined as the ratio between the output volume generated to the input volume required. It is a quantitative relationship between what we produce and what we have spent to produce. It measures how efficiently production inputs, such as labour and capital, are being used in an economy to …

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