What Does "Productivity" Mean in an Economic Context?

Caiaimage/Martin Barraud/Getty Images.

Productivity, generally speaking, is a measure relating a quantity or quality of output to the quantity of inputs required to produce it. In economics, "productivity" without specific context usually means labor productivity, which is can be measured by the quantity of output per time spent or number of workers employed. (In macroeconomics, labor productivity or simply "productivity" is represented by Y/L.)

Terms Related to Productivity

More Resources on Productivity that Might Interest You:

Writing a Term Paper? Here are a few starting points for research on Productivity:

Books on Productivity

  • Productivity, Technology, and Economic Growth
  • R&D and Productivity
  • Productivity, Innovation, and Economic Performance

Journal Articles on Productivity