Respuesta :
Productivity is referred as the formula for the outputs divided by inputs in a given specified period of time.
All created products and services are considered as outputs. Along with labor, inputs also include capital, supplies, and energy. A common definition of productivity is the ratio of input volume to output volume. In other words, it assesses how effectively an economy uses labor and capital as production inputs to create a particular amount of output.
The simplest productivity calculation yields a straightforward ratio: Total output divided by total input is productivity. By dividing total output by total input, the labor productivity equation can be used to calculate employee productivity. Let's say your business spent 1,500 labor hours to produce $80,000 worth of goods or services (input). To determine the labor productivity of your business, divide 80,000 by 1,500, which results in the number 53.
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