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Productivity is the ratio of outputs to inputs, both measured in dollars.
by bryanlarsen 9mo ago
Productivity is the ratio of outputs to inputs, both measured in dollars.
- tonyedgecombe 9mo agoProductivity is the ratio of real GDP to total hours worked.
- bryanlarsen 9mo agoThat's labor productivity, a different measure. But the original article references labor productivity, so your definition is more relevant.
- 46493168 9mo agoWhat is the definition of input, what is the definition of output, and who is responsible for measuring them?
- bryanlarsen 9mo agoThe answer is different depending on your target -- are you measuring the productivity of a firm, a country or some other sort of entity?