Difference between Productivity and Production
Productivity and Production Productivity may be defined as output- input ratio within a given time period and with due consideration for quality of performance. It is a relative term indicating the ratio, between output - input. On the other hand production refers to the value of output and it is an absolute concept. In general on increasing Productivity will increases the production and vice - versa. However this relationship between production and Productivity may not always hold true. This deposit of increase in Productivity production may decline.