1. intro
• When is an economy successful?
• Productivity is high
• Unemployment is low
• Prices are stable
2. Economic measurements
• The measurements determine the
economic strength of the nation.
• Employee productivity, gross domestic
product, inflation, and unemployment.
4. • Productivity is output for worker hour that
is measured over a defined period of
time, such as week, month, or year.
5. Increasing productivity
• Investing in new equipment, or facilities.
• Provide additional training, financial
incentives
• Decreases work forceincrease
responsibilities
6. “The EqUaTIon”
• Prodctivity =output per year
• Workers x hours x weeks= output per year
• ex. 400x40x52=2,500,000
• 2,500,000/832,000
• 832,000 worker hours= 3 tons
7. Questions
• What is productivity?
• What are 2 ways a business can increase
production?
