Output is total output.
Productivity is out per man-year.
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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.
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.
The difference is in the output frequency.
Output is what is produced. Outcomes are the result of the output
Actual output is the "real" GDP ( gross domestic product). potential output is the targeted output set by the government. the difference between the actual and potential output is UNDEREMPLOYMENT!
The difference between output and outcome is that , output is the product or service that comes out of a process and outcome is the net result of that output to the organization.
productivity=output quantity/input quantity
Deferred output tax is recorded by the seller for the sale of things on credit, and the standard output tax is recorded for the sale of things that were paid for with cash.
The difference between and input force and an output force is that an output force is force exerted by a machine, and an input force is force exerted on a machine.
NO. The labor productivity will rise together with total output. Vice versa
Production refers to the volume, value or quantity of goods and services produced by a worker, plant, firm or economy. Its the sum total of the results achieved by the various factors together. Productivity, on the other hand, is concerned not merely with the total value or volume of output of product, what is more important is that it shows us the efficiency of the production. The difference between the two is when we find that all increases in production, does not necessairly result in increased productivity. If increase in total output is brought about with an increase in the input of factors of production, production will have increased, but productivity will only remain constant or low. Keeping all factors same, when we achieve higher output, then it is called increased productivity. Production refers to the volume, value or quantity of goods and services produced by a worker, plant, firm or economy. Its the sum total of the results achieved by the various factors together. Productivity, on the other hand, is concerned not merely with the total valur or volume of output of product, what is more important is that it shows us the efficiency of the production. The difference between the two is when we find that all increases in production, does not necessairly result in increased productivity. If increase in total output is brought about with an increase in the input of factors of production, production will have increased, but productivity will only remain constant or low. Keeping all factors same, when we achieve higher output, then it is called increased productivity. In fact Productivity refers to the quality of production. The clear definition of Productivity is the ratio of output to aggregate inputs. As per the International Labour Organization, the aggregation, if done in monetory terms, gives the exact value of productivity. A bit of common sense can tell that productivity is valued higher than one..as output should be more than all the inputs put together. However, it is not uncommon to hear the words labour productivity, material productivity etc. When such factors of production are referred with the word 'productivity', one has to understand that the evaluation of such factors with reference to production(output) is being done. In technical terms, we call them partial productivities. for example, Labour productivity means that the ratio of output to the corresponding labour input. This can be the out put achieved per man-hrs spent to get that output.
productivity is the number of goods made by division of employees...production is the number of goods made