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Productivity
Productivity describes various measures of the efficiency of production. Often (yet not always), a productivity measure is expressed as the 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. Most common example is the (aggregate) labour productivity measure, e.g., such as GDP per worker. There are many different definitions of productivity (including those that are not defined as ratios of output to input) and the choice among them depends on the purpose of the productivity measurement and/or data availability. The key source of difference between various productivity measures is also usually related (directly or indirectly) to how the outputs and the inputs are aggregated into scalars to obtain such a ratio-type measure of productivity. Productivity is a crucial factor in production performance of firms and nations. Increasing national productivity can raise living standards because more real income improves people’s ability to purchase goods and services, enjoy leisure, improve housing and education and contribute to social and environmental programs. Productivity growth can also help businesses to be more profitable.
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Productivity (noun)
the state of being productive, fertile or efficient
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Productivity (noun)
the rate at which goods or services are produced by a standard population of workers
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Productivity (noun)
the rate at which crops are grown on a standard area of land
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Yield (verb)
To pay, give in payment; repay, recompense; reward; requite.
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Yield (verb)
To furnish; to afford; to render; to give forth.
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Yield (verb)
To give way; to allow another to pass first.
“Yield the right of way to pedestrians.”
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Yield (verb)
To give as required; to surrender, relinquish or capitulate.
“They refuse to yield to the enemy.”
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Yield (verb)
To give, or give forth, (anything).
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Yield (verb)
To give way; to succumb to a force.
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Yield (verb)
To produce as return, as from an investment.
“Historically, that security yields a high return.”
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Yield (verb)
To produce as a result.
“Adding 3 and 4 yields a result of 7.”
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Yield (verb)
To produce a particular sound as the result of a sound law.
“Indo-European p- yields Germanic f-.”
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Yield (verb)
To pass the material’s yield point and undergo plastic deformation.
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Yield (verb)
To admit to be true; to concede; to allow.
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Yield (noun)
Payment; tribute.
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Yield (noun)
A product; the quantity of something produced.
“Zucchini plants always seem to produce a high yield of fruit.”
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Yield (noun)
The current return as a percentage of the price of a stock or bond.
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Yield (noun)
Profit earned from an investment; return on investment.
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Productivity (noun)
the state or quality of being productive
“the long-term productivity of land”
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Productivity (noun)
the effectiveness of productive effort, especially in industry, as measured in terms of the rate of output per unit of input
“workers have boosted productivity by 30 per cent”
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Productivity (noun)
the rate of production of new biomass by an individual, population, or community; the fertility or capacity of a given habitat or area
“nutrient-rich waters with high primary productivity”
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Yield (verb)
produce or provide (a natural, agricultural, or industrial product)
“the land yields grapes and tobacco”
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Yield (verb)
produce or generate (a result, gain, or financial return)
“this method yields the same results”
“such investments yield direct cash returns”
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Yield (verb)
give way to arguments, demands, or pressure
“he yielded to the demands of his partners”
“the Western powers now yielded when they should have resisted”
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Yield (verb)
relinquish possession of
“they are forced to yield ground”
“they might yield up their secrets”
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Yield (verb)
concede (a point of dispute)
“I yielded the point”
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Yield (verb)
give right of way to other traffic.
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Yield (verb)
(of a mass or structure) give way under force or pressure
“he reeled into the house as the door yielded”
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Yield (noun)
an amount produced of an agricultural or industrial product
“the milk yield was poor”
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Yield (noun)
a financial return
“an annual dividend yield of 20 per cent”