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40 The same output is produced with lesser input. More output is produced with more input. The proportional increase in output being more than the proportional increase in input. 1.4 Productivity Measurement: Productivity may be measured either on aggregate basis or on individual basis, which are called total and partial measure. Total productivity Index/measure = Total output/Total input Total production of goods and services Labour+material+capital-Energy+management Partial productivity indices, depending upon factors used, it measures the efficiency of individual factor of production Labour productivity Index/Measure = Output in uns Man hours worked Management productivity Index/Measure = Output Total cost of management Machine productivity Index/ Measure = Total output Machine hours worked Land productivity Index/Measure = Total output Area of Land used Partial Measure = Output or Output or Output or Output Labour Capital Materials Energy PROBLEMS: Example-1 The input and output data for an industry given in the table. Find out various productivity measures like total, multifactor and partial measure. Output and Input production data in dollar ($) Output 1. Finished units 2. Work in progress 3. Dividends 4. Bonds 5. Other income 10.000 2.500 1.000 Input 1. Human 2. Material 3. Capital 4. Energy 5. Other Expenses 3.000 153 10.000 540 1,500