Productivity is the quality of being productive in the most general sense of the term. It can also mean efficiency in production by one measure or another. Both are productive but there is a difference between a person’s productivity and a company’s.
Its objectives are to calculate the number of items produced or the number of services rendered against per unit of input.
Another perspective would be factories are made of people and the collective individual efficiency of the workforce would be counted as the company’s.
It, in another sense, is the relationship between the number of units produced and the number of human and other production inputs necessary to produce them. So it is often calculated by the ratio of output against the input in a certain amount of time in most cases.
Types of Productivity
There are three major types of productivity and they are -
- Total (Total output divided by total input)
- Partial (Total output divided by partial input)
- Factor (Total output divided by the labour input and the capital input added to the quotient)
The types are created by the different factors incorporated into the equation and how that affects the total productivity in the end.
Use of the Term in Sentences:
- Buying the air conditioner had boosted the productivity of the staff by 25% at the very least.
- Procrastination is the prime obstacle to an individual’s natural level of productivity.