BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Productivity is commonly defined as a ratio between the output volume and the volume of inputs. In other words, it measures how efficiently production inputs, such as labour and capital, are being used in an economy to produce a given level of output.

Detailed explanation-2: -4 Types of Productivity Measures Such things include investment in plant and equipment, innovation, improvements in supply chain logistics, education, enterprise, and competition.

Detailed explanation-3: -There are two prominent measures of economic productivity: labor productivity (also known as output per hour) and multifactor productivity (also known as total factor productivity), both of which are produced by the Bureau of Labor Statistics (BLS).

Detailed explanation-4: -While GDP represents the most commonly used measure of an economy’s output, economists sometimes use an alternative measure. Gross national product (GNP) is the total value of final goods and services produced during a particular period with factors of production owned by the residents of a particular country.

Detailed explanation-5: -The most widely-used method of measuring employee productivity is how well they manage their time. Whether they take more or less time on specific tasks, how much time is spent on menial things, or wasted.