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Productivity is the efficiency of production of goods or services expressed by some measure. Measurements of productivity are often expressed as a ratio of an aggregate output to a single input or an aggregate input used in a production process, i.e. output per unit of input, typically over a specific period of time. [1]
the definition of productive and unproductive labour is not static, but evolving; in the course of capitalist development, the division of labour is increasingly modified, to make more and more labour productive in the capitalistic sense, for example through marketisation and privatisation, value-based management, and Taylorism.
Well-being, or wellbeing, [1] also known as wellness, prudential value, prosperity or quality of life, is what is intrinsically valuable relative to someone. So the well-being of a person is what is ultimately good for this person, what is in the self-interest of this person. [2] Well-being can refer to both positive and negative well-being.
Productivism or growthism is the belief that measurable productivity and growth are the purpose of human organization (e.g., work), and that "more production is necessarily good". Critiques of productivism center primarily on the limits to growth posed by a finite planet and extend into discussions of human procreation, the work ethic, and even ...
In microeconomic theory, productive efficiency (or production efficiency) is a situation in which the economy or an economic system (e.g., bank, hospital, industry, country) operating within the constraints of current industrial technology cannot increase production of one good without sacrificing production of another good. [1]
Productivity (linguistics) In linguistics, productivity is the degree to which speakers of a language use a particular grammatical process, especially in word formation. It compares grammatical processes that are in frequent use to less frequently used ones that tend towards lexicalization. Generally the test of productivity concerns ...
The utilized amounts of the various inputs determine the quantity of output according to the relationship called the production function. There are four basic resources or factors of production: land, labour, capital and entrepreneur (or enterprise). [1] The factors are also frequently labeled " producer goods or services " to distinguish them ...
Productive forces, productive powers, or forces of production (German: Produktivkräfte) is a central idea in Marxism and historical materialism. In Karl Marx and Friedrich Engels ' own critique of political economy , it refers to the combination of the means of labor (tools, machinery, land, infrastructure, and so on) with human labour power .