- productivity
- The amount of output per unit of input, such as the quantity of a product produced per hour of capital employed. Bloomberg Financial Dictionary
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productivity pro‧duc‧tiv‧i‧ty [ˌprɒdʌkˈtɪvti, -dək- ǁ ˌprɑː-] noun [uncountable] MANUFACTURING ECONOMICSthe rate at which goods are produced, and the amount produced in relation to the work, time, and money needed to produce them:• Declines in factory jobs and hours worked mean that only more productivity per worker could have raised output in May.
• Strong manufacturing productivity growth reduced the number of manufacturing workers needed.
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productivity UK US /ˌprɒdʌkˈtɪvəti/ noun [U] ECONOMICS, PRODUCTION► the rate at which a country, company, etc. produces goods or services, usually judged in relation to the number of people and the time necessary to produce them: »The productivity agreement gives staff an extra 10% pay if the team reaches its sales targets.
productivity increases/improves/goes up »Studies show that if a working environment is pleasant, productivity increases.
»increase/improve/boost productivity
»an increase/decrease/fall in productivity
productivity gains/growth/improvement »Many economists doubt that productivity growth can be credited to information technology.
► the ability to do as much work as possible in a particular period: »Think about which times of day your productivity is highest, and do the most difficult tasks then.
»The new phone has some useful apps for organizing information – it's a great productivity tool.
→ See also MARGINAL PRODUCTIVITY(Cf. ↑marginal productivity), RESOURCE PRODUCTIVITY(Cf. ↑resource productivity)
Financial and business terms. 2012.
