Whois & Analysis for pce-instruments.com

Productivity describes various measures of the efficiency of production.

A productivity measure is expressed as the ratio of output to inputs used in a production process, i.e. output per unit of input.

Productivity is a crucial factor in production performance of firms and nations.

Increasing national productivity can raise living standards because more real income improves people's ability to purchase goods and services, enjoy leisure, improve housing and education and contribute to social and environmental programs.

Productivity growth also helps businesses to be more profitable.

There are many different definitions of productivity and the choice among them depends on the purpose of the productivity measurement and/or data availability.

Industry is the production of goods or related services within an economy.

The major source of revenue of a group or company is the indicator of its relevant industry.

When a large group has multiple sources of revenue generation, it is considered to be working in different industries.

Manufacturing industry became a key sector of production and labour in European and North American countries during the Industrial Revolution, upsetting previous mercantile and feudal economies.

This came through many successive rapid advances in technology, such as the production of steel and coal.

Machines employ power to achieve desired forces and movement (motion).

A machine has a power source and actuators that generate forces and movement, and a system of mechanisms that shape the actuator input to achieve a specific application of output forces and movement.

Modern machines often include computers and sensors that monitor performance and plan movement, and are called mechanical systems.

In marketing, a product is anything that can be offered to a market that might satisfy a want or need.

In retailing, products are called merchandise.

In manufacturing, products are bought as raw materials and sold as finished goods.

A service is another common product type.

Measurement is the assignment of a number to a characteristic of an object or event, which can be compared with other objects or events.

The scope and application of a measurement is dependent on the context and discipline.

In the natural sciences and engineering, measurements do not apply to nominal properties of objects or events, which is consistent with the guidelines of the International vocabulary of metrology published by the International Bureau of Weights and Measures.

However, in other fields such as statistics as well as the social and behavioral sciences, measurements can have multiple levels, which would include nominal, ordinal, interval, and ratio scales.