what is productivity growth?

Question

i dont under stand what is productivity growth? can some one give me a definition. i tried looking online but i could find a definition.

Answer 1

It is when productivity grows. Let's use a factory for an example, one line used to produce 30 parts per hour. The management team increased training for the employees on how to use the machines more effectively. Now the line is producing 50 parts per hour. The productivity grew from 30 parts per hour to 50 parts per hour.

Answer 2

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Productivity growth reflects growth in output not attributable to growth in inputs (such as labour, capital and natural resources). Increases in productivity can be driven by technological advances (through innovation and increases in skills) or improvements in efficiency (making better use of existing technology). Over the long term, productivity improvements are considered to be the main contributor to rising living standards.