How is partial and multifactor productivity different?
Partial productivity measure only considers a single input in the ratio. The ratio for partial productivity is total output to a single input. [
A multifactor productivity measure utilizes more than a single factor, for example, both labor and capital. Hence, multifactor productivity is the ratio of total output to a subset of inputs
Read more: Productivity Concepts and Measures -
organization, levels, system, examples, manager, definition, school, type, company ]
There are no new answers.