| 单词 | productivity |
| 释义 | productivity The amount of output per unit of input achieved by a firm, industry, or country. This may be per unit of a particular factor of production, for example labour employed, or per unit of land in agriculture, or ‘total factor productivity’ may be measured, which involves aggregating the different types of factor. Productivity per worker can be increased by longer hours, more effort, or improved skills on the part of the labour force, or by more capital equipment, improved technology, or better management. Productivity is also affected by the level of output, if returns to scale are not constant. |
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