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Productivity

Productivity is efficiency of output in a given time period and is found by dividing total output(Q) by the number of workers (L).

Labour Productivity = Q/L and can be shown as output per worker or output per hour worked. Productivity is an indicator (measure) of efficiency
Example: if 50 workers produce 10,000 items a day then daily productivity = 10,000/50 = 200 items