Indicates the ratio of one resource (input) to the goods and services produced (outputs).
Indicates the ratio of many or all resources (inputs) to the goods and services produced (outputs).
The use of just one resource input to measure productivity, as shown in Equation (1-1), is know as single-factor productivity. However, a broader view of productivity is multifactor productivity, which includes all input (e.g.,capital,labor, material,energy).
Indicates the ratio of one resource (input) to the goods and services produced (outputs).Indicates the ratio of many or all resources (inputs) to the goods and services produced (outputs).The use of just one resource input to measure productivity, as shown in Equation (1-1), is know as single-factor productivity. However, a broader view of productivity is multifactor productivity, which includes all input (e.g.,capital,labor, material,energy).
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