Productivity refers to metrics and measures of output from production processes, per unit of input. Labor productivity Labour productivity is the amount of goods and services that a labourer produces in a given amount of time. It is one of several types of productivity that economists measure. Labour productivity can be measured for a firm, a process or a country, for example, is typically measured as a ratio of output per labor-hour, an input. Productivity may be conceived of as a metrics of the technical or engineering efficiency of production. As such quantitative metrics of input, and sometimes output, are emphasized. Productivity is distinct from metrics of allocative efficiency Allocative efficiency is a situation in which the limited resources of a firm are allocated in accordance with the wishes of consumers. An allocatively efficient economy produces an "optimal mix" of commodities. A firm is allocatively efficient when its price is equal to its marginal costs in a perfect market, which take into account both the value of what is produced and the cost of inputs used, and also distinct from metrics of profitability, which address the difference between the revenues obtained from output and the expense associated with consumption of inputs. (Courbois & Temple 1975, Gollop 1979, Kurosawa 1975, Pineda 1990, Saari 2006)
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Making work more productive will not only make women economically empowered but it will also improve the standards of living of a large section of the ...
