munkaertermelékenység

Munkaertermelékenység, often translated as labor productivity, is an economic measure of output per unit of labor input. It quantifies how efficiently labor is used in the production process. Typically, it is calculated by dividing the total output of goods and services by the total hours worked or the number of workers employed. Higher labor productivity indicates that more goods or services are being produced with the same or fewer labor inputs.

Factors influencing labor productivity are diverse and can include technological advancements, the quality of the workforce (education, skills, health), the amount and quality of capital equipment available, management efficiency, and the organizational structure of businesses. Improvements in any of these areas can lead to increased productivity.

Labor productivity is a key indicator of economic growth and competitiveness. Nations with higher labor productivity tend to have higher standards of living and are more competitive in the global market. Businesses that enhance their labor productivity can achieve lower production costs, higher profits, and greater market share. Analyzing and improving labor productivity is therefore a critical focus for policymakers, businesses, and economists alike.