Answer
I don't agree. While measuring total factor productivity provides a comprehensive view of overall efficiency, partial productivity measures offer more specific insights. They help identify which individual factors or inputs contribute positively or negatively to productivity. This information can be invaluable for pinpointing areas where improvements are needed and for making targeted decisions to enhance specific aspects of a production process. So, measuring partial productivities can indeed be valuable in improving overall productivity.
Work Step by Step
I don't agree. While measuring total factor productivity provides a comprehensive view of overall efficiency, partial productivity measures offer more specific insights. They help identify which individual factors or inputs contribute positively or negatively to productivity. This information can be invaluable for pinpointing areas where improvements are needed and for making targeted decisions to enhance specific aspects of a production process. So, measuring partial productivities can indeed be valuable in improving overall productivity.
