Differentiate output from productivity
Output refers to the amount of goods or services that are produced by a person, group, or organization within a given time period. It is typically measured in terms of quantity, such as the number of units produced or the value of goods and services produced.
On the other hand, productivity measures the efficiency with which inputs, such as labor, capital, or resources, are utilized to generate output. It represents the ratio between output and input, and is typically measured in terms of output per unit of input, such as labor productivity (output per hour worked) or capital productivity (output per unit of capital invested).
While output simply quantifies the end result of production, productivity focuses on the effectiveness of the production process. It takes into account how efficiently resources are employed to create output, enabling a comparison of performance across different inputs or time periods.
In summary, output is the result of productive activity, whereas productivity measures the efficiency of that activity by comparing the output with the inputs used.