Meaning and Nature of Productivity

Meaning and Nature of Productivity

¬†Productivity –¬†Everyone has a handy definition for productivity and no two definitions are quite the same; however productivity can be seen as the relationship between the output generated from a system and the input provided to create those out. Also productivity in simple terms can be any ration of output to one or more corresponding inputs. The unit of output used can be anything e.g. Naira, units of products served or whatever is meaning to the job or organization. These definitions show us that the word productivity comes from production. [Read more…]