Productivity

Definition: Productivity is a measure relating a quantity or quality of output to the inputs required to produce it.

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:

• Total Factor Productivity
• Labor Productivity
• Multi-Factor Productivity

About.Com Resources on Productivity:

• What does Economic Efficiency mean?
• Indifference Curves - How Do I Use and Understand Them?
• What Does Free Trade Lead To?

Writing a Term Paper? Here are a few starting points for research on Productivity:

Books on Productivity:

• Productivity, Technology and Economic Growth
• R&D and Productivity
• Productivity, Innovation and Economic Performance

Journal Articles on Productivity:

• Does the “New Economy” Measure Up to the Great Inventions of the Past?
• Invariance Properties of Solow's Productivity Residual
• The Economic Theory of Index Numbers and the Measurement of Input, Output, and Productivity