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Business companies often measure productivity by the output produced during a specified time period. Efficiency, on the hand, relates to the quality of work in creating output with less waste and using fewer resources.
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Difference between efficiency and productivity?
In economics, efficiency and productivity relate to the making of products, both goods and services. Productivity represents the amount of output compared to the effort put into the production of that good. Efficiency on the hand means the amount of time spent in doing the same thing.
What is the difference between allocative and technical efficiency?
no difference
What is difference between product and productivity?
productivity is the number of goods made by division of employees...production is the number of goods made
Difference between technical efficiency and economic efficiency?
technical efficiency is related to change in output due to change in input and economic efficiency refers to a number of related concepts.
How can the term business efficiency be explained?
In business efficiency is achieving the goal with least amount of resource consumption. Productivity and effectiveness are calculated by using an efficiency comparison.
Difference between efficiency and productivity?
In economics, efficiency and productivity relate to the making of products, both goods and services. Productivity represents the amount of output compared to the effort put into the production of that good. Efficiency on the hand means the amount of time spent in doing the same thing.
What is the difference between job productivity and job efficiency?
productivity is how much you get done, efficiency is what you complete/how much effort you put in. so if you can do something easily and in a timely manner then it was efficient, if you got a lot done you were productive. you can be both.
What is the difference between allocative and technical efficiency?
no difference
What is efficiency management?
Efficiency management can be defined as the control of the output or productivity levels. Each company aims to have optimal productivity and thus has to manage efficiency.
What is the difference between output and productivity?
Output is total output. Productivity is out per man-year.
What is the difference between production and productivity?
Production refers to the process of creating goods or services, while productivity measures the efficiency of this production process by comparing outputs to inputs, such as labor or resources used. In other words, production is the act of making something, while productivity is a measure of how well and efficiently that something is made.
What is difference between product and productivity?
productivity is the number of goods made by division of employees...production is the number of goods made
What is difference between entertainment software and productivity software?
i don't know you tell me
What is the difference between total productivity and partial productivity?
Total productivity is the goal of any business or organization. This concept is possible only in theory. The highest possible partial productivity is actually the accepted practice.
Difference between technical efficiency and economic efficiency?
technical efficiency is related to change in output due to change in input and economic efficiency refers to a number of related concepts.
What word means rate and efficiency of work?
it's 'productivity' !!=]
What is deffrance between efficiency and proudctivity?
Effeciency is production at a quicker than expected pace. Productivity is production at a higher volume than expected.
