Explain Improving Productivity.
Improving Productivity: The production essence is creation of goods, may be by the transformation of raw materials or through assembling various small parts. The four factors of production are as land, capital and Enterprise (Management) and labour.
Management brings together land, labour and capital for production of input in output. Management organizes some three factors of production in an operating unit. With equitable and efficient combination of the right kind of factors of production, management can raise productivity.