You searched for:
“total factor productivity”
total factor productivity (TFP)
The quantity of output divided by the amount of all inputs used in production.
Diverse inputs (labor, capital, energy) typically are aggregated with an indexing procedure; such as, one in which the quantity of each input is its share in the total cost of production.
This entry is located in the following unit:
total-, tot- +
(page 2)