![Productivity Productivity](https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img,w_811,h_453/https://commercial-insurance.broker/wp-content/uploads/wl/2019/01/Main_processes_of_a_company.png)
Productivity is an average measure of the efficiency of production. Productivity is a ratio of production output to what is required to produce it (inputs of capital, labor, land, energy, materials, etc.). The measure of productivity is defined as a total output per one unit of a total input. We see that as a measure of the average productivity is often difficult to interpret correctly.