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Definition of Productivity

 

By the way, as a definition for productivity, here's mine:

Productivity is the proportion at which an entity converts resources into goods and services that others esteem to purchase.
Take the artist in his basement cranking out art... he might be making a lot of art, but if nobody wants what he's making, then he is unproductive. Busy, but unproductive.

Or the woman working the drive-thru lane at Wendy's. If she is busy texting her friends while on the job, she isn't very efficient at converting her resources into goods and services, even though people are lined up at the drive-thru lane and want the goods. She too is unproductive.

The nation's economy is only as strong as the number of people working to maximize their productivity.

I see relatively little that our government is doing to increase productivity. I see a lot that our government is doing to insure its permanency.

That too is highly unproductive. But then, by the definition I've given here, government can hardly be a model of productivity, though it can certainly inhibit the productivity of others...

 


by Brett Rogers, 2/28/2009 12:05:47 PM
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