Tag: The Difference Between Production and Productivity

  • What Is Meant By Production & Productivity – The Differences

    What Is Meant By Production & Productivity – The Differences

    The words production and productivity sound similar; many people think they have a similar meaning, but production and productivity are different. Production is about manufacturing goods from raw materials to finished products. Productivity is considered part of the production process. Productivity is about how efficient a country or company is. Productivity is an economic principle;…