Productivity Measurement

Angela M. Bowey, Richard Thorpe and Phil Hellier

Chapter 3 in Payment Systems and Productivity, 1986, pp 36-65 from Palgrave Macmillan

Abstract: Abstract Productivity has become an everyday word for a concept which everyone is supposed to approve but which is rarely defined satisfactorily. For the last 20 years and more, politicians, industrialists, economists and management specialists have stressed the importance of productivity improvement for the general economic state of a nation. Company executives are concerned with productivity both for making comparisons between enterprises in home and world markets and as a shorthand term for factors which need to be improved to make their own enterprise more competitive and successful. Governments stress the relationship between productivity, the standard of living, inflation and economic growth.

Keywords: Productivity Measurement; Payment System; Productivity Ratio; Transfer Price; Financial Ratio (search for similar items in EconPapers)
Date: 1986
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DOI: 10.1007/978-1-349-18106-3_3

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