productivity
/ˌpɹɒdʌkˈtɪvəti/ · prod·uc·tiv·i·ty
noun
- The state of being productive, fertile, or efficient. The new management strategy aimed to boost the company's productivity and efficiency.
noun
- The rate at which goods or services are produced by a standard population of workers. You can see the computer age everywhere but in the productivity statistics.
noun
- The rate at which crops are grown on a standard area of land. The farmer's productivity increased significantly after adopting new irrigation techniques.
Did you know? The concept of productivity has been a focus of management and economics for centuries, with ancient Greeks and Romans discussing the importance of efficient labor.