| Productivity implies the full, proper and efficient
utilisation of the available resources of men, machines,
materials, money etc. Increase in productivity means
avoidence of waste in every type and in every sphere.
The manufacturers always attempt to effect economy
by avoidance of wastage and proper handling of the raw
materials, and fuel etc. But such efforts are not poss;ble
in the case oflabour input because of the human elements
involved. The same is also the case with the capital
input. |
