What is Productivity? > Inputs

What are inputs?

Inputs are any resources used to create goods and services.

Examples of inputs include labor (workers’ time), fuel, materials, buildings, and equipment.

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Labor input

Labor input is the time people spend working to produce goods and services.

Other inputs to production

Capital is the property used by businesses to produce goods and services. It includes both physical assets and intellectual property.

Examples:

Material inputs are goods that are used in making other products.  They include both raw materials and manufactured products.

Examples:

Energy is the fuels and electricity needed to produce goods and services.

Purchased services inputs are services purchased from other businesses in other industries or sectors.

Examples: