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and the economy as a whole, convert inputs (labour, capital, and raw materials) into
output. Productivity grows when output grows faster than inputs, which makes the
existing inputs more productively efficient. Productivity does not reflect how much we
value the outputs — it only measures how efficiently we use our resources to produce
them.
Objective concept, It can also be measured in quantitative terms, Productivity is often
confused with efficiency
account a range of factors that will vary depending on the sector, company, or
employee role. Here are a few examples
Customer Satisfaction: