ABSTRACT
The elucidating structure proposed by B. Gold to show how productivity ratios are linked to these overall measures is sadly lacking in other texts on productivity analysis. All the tends to overshadow some of the positive aspects of what the literature on productivity can offer. Leaving aside a few countries richly endowed with natural resources, which can generate ample income to sustain even an indolent population in comfort, the economy of most countries and the wellbeing of their industries depend on how well they can use all their resources – manpower, materials, plants and money – to produce goods and services at an acceptable price and meet demand at home and abroad. The better the utilization of resources and the greater the output that can be generated from a given input, the greater the wellbeing of the enterprise: it can cover its costs, it can improve the remuneration and working conditions of its employees, and it can modernize and expand.
