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slava [35]
3 years ago
5

In economics the term productivity refers to

Social Studies
2 answers:
Sophie [7]3 years ago
8 0

Answer:

<h3>The amount of output compared to the input needed to create something.</h3>

Explanation:

Productivity is the quality of being productive or having some power to produce. In economics is a ratio of the quantity and quality of units produced to the labor per unit of time.

In economics the term productivity refers to the amount of output compared to the input needed to create something.

pshichka [43]3 years ago
4 0
Author of British and American Manufacturing Productivity: A Comparison and Interpretation. Productivity, in economics, the ratio of what is produced to what is required to produce it. Usually this ratio is in the form of an average, expressing the total output of some category of goods divided by the total input of, say, labour or raw materials.
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