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Productivity

The amount of output per Unit of input (labor, equipment, and capital). There are many different ways of measuring productivity. For example, in a factory Productivity might be measured based on the number of hours it takes to produce a good, while in the service sector Productivity might be measured based on the revenue generated by an employee divided by his/her salary.

Related Terms: 10 Base, Capital, Cap, Factor, Productivity, Put, Rent, Ring, SEC, Unit
Other Related Pages: Category: Economy Starting With: P
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