Home  | Term of the Day | |||
| productivity The amount of output per unit of input (labor, equipment, and capital). There are many different ways of measuring productivity. For example, in a factory productivity might be measured based on the number of hours it takes to produce a good, while in the service sector productivity might be measured based on the revenue generated by an employee divided by his/her salary. | ||||
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| Usage Example It is very important to keep your productivity level up if you plan to keep meeting the required quota for the company. | ||||
Term of the Day
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Join date : 2013-01-12
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