Productivity ■■■■■■ ■■■■■■ ■■■■ ■■ ■■ 目■口■■ Production: Transforming resources into products(goods and services) Productivity the amount of goods and services produced for each unit of input (labor productivity, capital productivity, etc. 1414 Productivity ▪ Production: Transforming resources into products (goods and services) ▪ Productivity: the amount of goods and services produced for each unit of input (labor productivity, capital productivity, etc.)