productivity and wastivity Productivity is the efficiency of production of goods or services Productivity aims at the maximum utilization of resources for generate as many goods and services as possible, at lowest possible cost Productivity is required man hour for such quantity production an/Available man-hour X 100 The gross wastivity is defined as the ratio of total waste generated by a particular Wastivity is define as the ratio of waste amount and available amount % A Company , the standard time allowed for the production of a unit is 5 hrs. If in a particular month 126 units are produced by employing 4 persons and the allowable delays are found to be 44 man-hours, per day 8 hour work and 25 days work per month find the productivity and wastivity #productivity #wastivity #Whatisproductivity