The country has low agricultural productivity.
The company is looking for ways to improve worker productivity.
There has been an increase in productivity.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'productivity.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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Productivity refers to the measure of output (e.g. products) from a production process per unit of input (e.g. labor and capital).
Productivity is usually expressed as a ratio of output to inputs. It can be expressed as units of a product (e.g. cars) per worker-hour (total number of hours worked by all workers on that car). Given the cost of the worker-hour, productivity can also measure the efficiency of a company.
These measures are quantitative and relatively easy to measure. However, other factors of productivity, such as creativity, innovation, teamwork, and even quality are qualitative and more difficult to measure
In most business models, profitability is a function of productivity, price, and volume. In other words, a company's success is measured by how efficiently it uses its resources to produce its product, the price it can sell its products, and how many products it can actually sell. When comparing companies within a sector, for example, it is very important for investors to understand the relative productivity comparisons between companies producing the same products.
See words that rhyme with productivity Spanish Central: Translation of productivity Nglish: Translation of productivity for Spanish speakers Britannica English: Translation of productivity for Arabic speakers Britannica.com: Encyclopedia article about productivity
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