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By Patrice Bowen
• Production is the transformation and conversion of raw
materials or factors of production into finished goods.
• Productivity is a measure of the efficiency of the
production process. It is not concerned about what is
produced but how much was produced and how much
input did the production require
• to calculate labour productivity:
Output
number of employees

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Production and productivity slideshare

  • 2. • Production is the transformation and conversion of raw materials or factors of production into finished goods.
  • 3. • Productivity is a measure of the efficiency of the production process. It is not concerned about what is produced but how much was produced and how much input did the production require • to calculate labour productivity: Output number of employees