You searched for: “productivity”
productivity
1. In economics, the rate of output per unit of input, used especially in measuring capital growth, and in assessing the effective use of labor, materials, and equipment.
2. The rate at which radiant energy is used by producers to form organic substances as food for consumers.
This entry is located in the following units: duc-, -duce, -duct, -ducent, -ductor, -duction, -ductive, -ducer, -ducement, -ducation (page 11) -ity (page 14) pro-, por-, pur- (page 8)
Word Entries containing the term: “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)