The productivity of an institution is one of its central performance controls. The productivity, with which it delivers its performance (products and/or services), is an expression of its efficiency. The key productivities of an institution are the productivity of labour, capital, time and knowledge. Total Factor Productivity is the most important indicator for whether growth is healthy or unhealthy.

By |2023-10-18T11:12:01+00:00October 18, 2023|Comments Off on Productivity

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