What Is Productivity? Definition Meaning
Definition of Productivity The definition of productivity according to management proficient Peter Drucker. “Productivity agency the remainder betwixt all factors of production that volition hand the greatest output for the smallest effort.” Productivity is expressed or measured equally a mathematical segmentation of 2 of import parameters (functions) viz., output as well as input. The concept of productivity is depicted inward the next illustration. Image credits © Prof. Mudit Katyani. Meaning of Productivity Productivity is a human relationship betwixt output as well as input. It is expressed or measured equally a ratio of output as well as input. In other words, it equals output divided past times input. Some examples of productivity criterion are equally follows: Productivity of a manufacturing unit of measurement tin live on measured inward damage of the release of goods produced inward closed to fixed sum of fourth dimension (usually inward ho...