What is multifactor productivity? Multifactor productivity (MFP) is a measure of economic performance that compares the amount of output to the amount of combined inputs used to produce that output. …

Dec 15, 2025 · Discover what multifactor productivity is, why it’s important, when to use it and how to measure multifactor productivity, including an example calculation.

Multifactor productivity (MFP) reflects the overall efficiency with which labour and capital inputs are used together in the production process.

Apr 13, 2025 · What is Multifactor Productivity? Multifactor Productivity (MFP), also known as total factor productivity, is a measure of economic performance that compares the amount of output produced to …

Oct 5, 2018 · For any given change in output, multi-factor productivity (MFP) measures the amount that cannot be accounted for by changes in inputs of quality-adjusted labour and capital.

Mar 19, 2025 · Multifactor productivity (MFP) is a measurement of how efficiently a business uses all its resources — including employees, equipment, materials, capital and energy — to create goods and …

In economics, total-factor productivity (TFP), also called multi-factor productivity, is usually measured as the ratio of aggregate output (e.g., GDP) to aggregate inputs. [1]

May 23, 2017 · Multifactor productivity refers to the productivity of all the inputs used in the production process. These include: labor, capital, land, and intermediate inputs (e.g., energy inputs and …

Multifactor productivity (MFP) is defined as a measure that incorporates multiple inputs and outputs to assess productivity, utilizing aggregated index methods or estimated indices derived from specified …

Mar 25, 2025 · Multifactor productivity is defined as the ratio of production value to the sum of labor, capital, and material costs associated with a given product. This ratio is calculated by dividing the …