Time and Motion Study Volume 12 Issue 10

Abstract

THE object of industry is to supply the goods and services needed by the community, with the minimum consumption of real resources. The goods and services constitute our standard of living, which we can only improve if we minimise the use of our real resources and reduce the wastage in them. Productivity is thus the ratio between what you take out in the way of goods and services and what you put in as real resources. Higher productivity is getting the same or more goods and services from less resources. That is the problem which faces us both in relation to the immediate needs of the population and in respect to the drive to increase exports and so pay for the important imports which the country so badly needs.

Citation

(1963), "Time and Motion Study Volume 12 Issue 10", Work Study, Vol. 12 No. 10, pp. 11-53. https://doi.org/10.1108/eb048177