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Productivity 101
What is Productivity? >
What are inputs?
Inputs are any resources used to create goods and services.
Examples of inputs include labor (workers’ time), fuel, materials, buildings, and equipment.
Click for example Labor input
Labor input is the time people spend working to produce goods and services.
Other inputs to production
Capital is the property used by businesses to produce goods and services. It includes both physical assets and intellectual property.
Examples:
Material inputs are goods that are used in making other products.¦ They include both raw materials and manufactured products.
Examples:
Energy is the fuels and electricity needed to produce goods and services.
Purchased services inputs are services purchased from other businesses in other industries or sectors.
Examples:
