Step-by-step explanation:
Productivity is something which increases the efficiency of production. For example productivity is the production of one unit of product in lesser time than it was previously being produced or the use of less resources to produce the same item. The efficiency of production can be increased through various ways.
Businesses can increase their efficiency of production by replacing the old technology with the new technology that reduces the production time. Businesses may hire more competent workforce that bring out new ideas to do work and reduce the production time. Also businesses can hire skilled workers who can do the same task in less time than the previously working worker who take long time to produce a unit of product.