What is production and productivity

Question

Accepted Answer

Production refers to the process of creating goods or services, while productivity measures the efficiency of production.

Production is the act of manufacturing or creating goods or services.
Productivity is a measure of how efficiently resources are used to produce goods or services.
Production can be measured in terms of quantity or output.
Productivity can be measured by comparing output to input, such as the number of units produced per hour of labor.
For example, in a manufacturing company, production would involve the actual manufacturing of products, while productivity would measure how many products are produced per hour of labor.

Accepted Answer

Production- The production represent the Number of product produced .
Productivity- It is ratio of output in input.
     Productivity=output/input

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