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.
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.
no difference
productivity is the number of goods made by division of employees...production is the number of goods made
technical efficiency is related to change in output due to change in input and economic efficiency refers to a number of related concepts.
In business efficiency is achieving the goal with least amount of resource consumption. Productivity and effectiveness are calculated by using an efficiency comparison.
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.
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.
no difference
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.
Output is total output. Productivity is out per man-year.
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.
productivity is the number of goods made by division of employees...production is the number of goods made
i don't know you tell me
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.
technical efficiency is related to change in output due to change in input and economic efficiency refers to a number of related concepts.
it's 'productivity' !!=]
Effeciency is production at a quicker than expected pace. Productivity is production at a higher volume than expected.