Productivity is a key measure of an economy's strength and is defined as the output per worker hour over a set period of time like a week or year. High productivity occurs when unemployment is low and prices are stable. Businesses can increase productivity by investing in new equipment or facilities, providing additional training to employees, and increasing workers' responsibilities.

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.

3. Employee productivity

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?