Talk:Productivity/Archives/2014
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Main processes of a producing company
The five bullet item after "The main processes of a company are as follows:" do not correspond to the block in the diagram immediately to the right. The bullet "income distribution process" does not appear (explicitly) in the diagram. This correspondence should be improved. Thanks! --Lbeaumont (talk) 19:55, 27 January 2014 (UTC)
Proposed lede changes
I am proposing the following changes to the beginning of the lede:
Productivity is a measure of the efficiency of production, that is, of production's capability to create income, which is measured by the formula real output value minus real input value.
Productivity can be expressed as a relationship of outputs compared to inputs in economic processes. At the economy wide level it usually means the ratio of output to inputs. The inverted ratio of input to output is commonly used at the company level to track individual inputs.
Productivity measures that use one or more inputs or factors, but not all factors, are called partial productivities. A common example in economics is labor productivity, usually expressed as output per hour. At the company level, typical partial productivity measures are such things as worker hours, materials or energy per unit of production.
The rest of the lede remains as is.Phmoreno (talk) 14:57, 17 July 2014 (UTC)
- Is this the correct wording to include growth accounting in the lede:
At the economy wide level, for a single input it usually means the ratio of output to input; when multiple inputs are considered, such as labor and capital, it means the unaccounted for level of output compared to the level of inputs.