Distinguishing between Production and Productivity | tutor2u Economics
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Distinguishing between Production and Productivity

  • Levels: AS
  • Exam boards: AQA, Edexcel, OCR, IB, Eduqas, WJEC

This short video for Year 1 Micro explains the difference between production and productivity.

Revision video explaining difference between production and productivity

Production is a measure of the value of the output of goods and services e.g. measured by national GDP or an index of production in specific industry such as car manufacturing.

Productivity is a measure of the efficiency of factors of production, measured for example by output per person employed or output per person hour.

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