The rate of production, often measured in cases per labor hour. Whole-salers measure productivity to assess labor and operating expenses

A measurement of output per hours worked. Increases in productivity are considered critical to raising the living standards of Americans because if businesses are using technology to produce more without increasing the amount of needed work, then wages can be increased without raising prices. Increases in productivity also can be used to raise corporate profits. This is so because labor costs typically equal two-thirds of what consumers pay for a product