- There are three measures of national productivity on offer from the UK’s ONS (Office for National Statistics):
National productivity measures
|
- The above are all partial productivity measures – they only cover the labour resource – capital and material productivity levels are not measured
- Price, quality and service levels could be said to be covered by GDP for the private sector as their sales depend on all three
- The same cannot be said for the public sector – the amount of money the government spends on the public sector depends more on political priorities than assessments of cost, quality and service levels offered – hence parliamentarians talk passionately about inputs, not outputs
1 ping