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productivity is the most important economic factor to set wages at a level that www2.itif.org/2016-think-like-an-enterprise.pdf.This PDF is a selection from an out-of-print volume from the National. Bureau of Economic Research. Volume Title: Productivity Trends in the United States. Request PDF | On Apr 27, 2007, Mary O'Mahony published Introduction: The Importance of Productivity | Find, read and cite all the research you need on Productivity growth and its importance. The economic concept of productivity. 2.1. Productivity is the measure of production efficiency.1 At a national Riggs (1987) has a different perspective for productivity nowadays. ? It is not a measure of production quantity. It is a relationship of output to input;