total factor productivity

Definitions

Economics

  • noun the calculation of the relationship between output and all factors of production used to produce it
  • acronymTFP
    (written as Total Factor Productivity)

Health Economics

  • (written as Total Factor Productivity)
    This is the productivity of all factors involved as a whole in a production activity.

Business

  • acronymFTP
http://www.dictionarycentral.com/definition/total-factor-productivity.html