Often means labor productivity, which is can be measured by quantity of output per time spent or numbers employed. Could be measured in, for example, U.S. dollars per hour.
Terms related to Productivity:
- What does Economic Efficiency mean?
- Indifference Curves - How Do I Use and Understand Them?
- What Does Free Trade Lead To?
Books on Productivity:
- Productivity, Technology and Economic Growth
- R&D and Productivity
- Productivity, Innovation and Economic Performance