Professional Documents
Culture Documents
Rashmi Karan
Manager - Co ntent
The article discusses production and productivity and talks about the key difference
between production and productivity.
What is Production?
Production is an activity dedicated to creating and supplying goods and services and
creating value. It involves adding qualities that not only make the product different
from the existing ones but also make modifications and add more utilities.
Disclaim e r: This PDF is auto -generated based o n the info rmatio n available o n Shiksha as
o n 10 -Feb-20 24.
productive factor to create certain goods in a certain period. It encompasses a
range of different activities. It is the manufacture of physical objects and influences
the provision of services.
What is Productivity?
You could put your productivity in the direction as a professional by taking an appropriate
government certification online. If unsure where to begin, look for government job oriented
course after 10th.
Greater productivity using the same resources or producing the same goods and
services implies greater profitability for the company.
You can also explore: Difference Between Forward and Future Contract
Dif f erence Bet ween Product ion and Manuf act uring
The main difference between pro ductio n and manufacturing is that pro ductio n is
a pro cess that may o r may no t use machines to create a finished go o d. On the
o ther hand, manufacturing...re ad m o re
Disclaim e r: This PDF is auto -generated based o n the info rmatio n available o n Shiksha as
o n 10 -Feb-20 24.
Dif f erence Bet ween Fraud and Misrepresent at ion
The main difference between fraud and misrepresentatio n is that fraud happens
when a perso n o r a party intentio nally and willfully represents false info rmatio n
to deceive ano ther party. In co ntrast, misrepresentatio n...re ad m o re
Production Productivity
Utilization of resources to
Use T he actual process of manuf acturing
manuf acture goods
T he ef f iciency of production
Determinants Value of the output
f actors
1. Measurement
Production measures what a company has produced, either in the form of goods or
services. o, n the other hand, productivity measures efficiency, including the
company’s total output.
2. Expression
Disclaim e r: This PDF is auto -generated based o n the info rmatio n available o n Shiksha as
o n 10 -Feb-20 24.
understand measure.
Output measures the total quantity of products and services offered at the end of
the process. It needs to indicate how well the raw materials have been used.
Thus, the production measure allows us to know to what degree the company’s
production helps it to generate profits or, on the contrary, entails losses.
On the other hand, productivity is a measure that allows us to know to what degree
the resources have been used.
4. Added value
Disclaim e r: This PDF is auto -generated based o n the info rmatio n available o n Shiksha as
o n 10 -Feb-20 24.
Explore t he Dif f erence bet ween eCommerce and E-…
Business wit h Examples
Yo u can easily determine that eCo mmerce is fo r co mmercial transactio ns. On
the o ther hand, e-business can mean a bro ad range o f activities that is no t limited to transactio ns. Read
abo ut...re ad m o re
Productivity-Production Relationship
As we have already seen, the primary difference between the two concepts is that
production refers to the number of goods and services offered in a certain period. In
contrast, productivity refers to the level of use of resources, whether material,
human or energetic. Understanding this fundamental difference, it is time to see the
close relationship between these two terms.
The degree of production and productivity influence each other. For example,
suppose a decrease in production has been detected in a company. In that case, it is
Disclaim e r: This PDF is auto -generated based o n the info rmatio n available o n Shiksha as
o n 10 -Feb-20 24.
necessary to investigate what happened, if the workers have suffered an accident,
if a machine has broken down or if any raw material has run out? Employees may
also need to change their way of working, making it necessary to invest in training or
replace them if there is no other option.
Production and productivity are interrelated terms. We hope this article helped you
understand the difference between production and productivity.
Disclaim e r: This PDF is auto -generated based o n the info rmatio n available o n Shiksha as
o n 10 -Feb-20 24.