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Business Glossary


Business Definition for: partial productivity
partial productivity

output divided by a single input factor. Factors of production may include direct materials, direct labor, overhead, or capital (for example, use of machinery instead of direct labor). A partial productivity measure comparing results over time determines whether the actual relationship between inputs and outputs has improved or deteriorated. A disadvantage of a partial productivity measure is that it relates output to a single factor of production and, therefore, fails to consider tradeoffs among input factors.

Copyright © 2005, 2000, 1995, 1987 by Barron's Educational Series, Inc., Reprinted by arrangement with Publisher.


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