Productivity

The output created (products and services) created by use of energy, work, capital, materials, or resources. Often, traditional productivity does not measure use of external resources (such as natural resources like air or water) or adverse effects of internal resources (such as corporate culture or employee stamina) and does not calculate costs required to correct the degradation of these resources. Therefore, companies, economies, and societies can incur substantial deficits from economic activities when indications are that productivity is high or growing.

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