How does productivity affects nation or company
Introduction
Productivity. The term productivity means, “the state or quality of being productive” which basically means how fast an product or how good a product can be made in a certain period of time. The efficiency of production will easy affect the company profit as the output that is given by the company needs to match its sales. Productivity is the main factor that affects the performance of the company because more productivity means more income and also it will increase the power of purchase that will eventually affect the nation economic growth.
Most companies or nation face this problem which is low productivity. Companies or nation with low level of productivity theoretically means they can get more work done but there are several factors that is holding their productivity level low. This will lead loss of money and also precious time.
Productivity matter because it is the main determinant of national living standards. The definition of Productivity rate in the Oxford English Dictionary simply states that, “the quality or fact of being production; capacity to produce. This means that productivity can be thought of as being the ability to produce output such as goods or services in a certain amount of input, like raw material, capital, labour and time used to make them. High productivity means minimum input and maximum output.
Productivity =
Why productivity is important? Productivity in a long run is everything that matters in a company or nation. It has the ability to improve its standard of living over time depends almost entirely on the output given by each worker. In everyday life, people do care about their living standard. For example, are you living in landed or apartment? What brand of watch you are wearing? What is your yearly income?. Everybody wants to see their living standard improved as much as possible and the only way for an improved living standard to for an improve of productivity. Improving productivity results in in
Productivity. The term productivity means, “the state or quality of being productive” which basically means how fast an product or how good a product can be made in a certain period of time. The efficiency of production will easy affect the company profit as the output that is given by the company needs to match its sales. Productivity is the main factor that affects the performance of the company because more productivity means more income and also it will increase the power of purchase that will eventually affect the nation economic growth.
Most companies or nation face this problem which is low productivity. Companies or nation with low level of productivity theoretically means they can get more work done but there are several factors that is holding their productivity level low. This will lead loss of money and also precious time.
Productivity matter because it is the main determinant of national living standards. The definition of Productivity rate in the Oxford English Dictionary simply states that, “the quality or fact of being production; capacity to produce. This means that productivity can be thought of as being the ability to produce output such as goods or services in a certain amount of input, like raw material, capital, labour and time used to make them. High productivity means minimum input and maximum output.
Productivity =
Why productivity is important? Productivity in a long run is everything that matters in a company or nation. It has the ability to improve its standard of living over time depends almost entirely on the output given by each worker. In everyday life, people do care about their living standard. For example, are you living in landed or apartment? What brand of watch you are wearing? What is your yearly income?. Everybody wants to see their living standard improved as much as possible and the only way for an improved living standard to for an improve of productivity. Improving productivity results in in