Definition of Productivity

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TeachMeFinance.com - explain Productivity



Productivity

The term 'Productivity ' as it applies to the area of agriculture can be defined as ' A measure of technical efficiency, typically expressed as the added output for an additional unit of input or the average output per unit of input, i.e., labor, land, capital productivity'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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