Evolution of Term Productivity

Autores UPV
CONGRESO Evolution of Term Productivity


Abstract Increasing productivity means increasing efficiency of labour, that is, both physical and human capital which exist in either a country or a company. One of the commonest ways of measuring efficiency gains is calculating increases in the overall productivity of the factor; that is, the efficiency with which the economy transforms its production factors into goods. As discussed in this paper, the productivity concept has evolved over time and has incorporated new concepts into its definition, while new ways to measure it have appeared.