Resource productivity

Resource productivity refers to the efficiency with which natural resources are utilized to produce goods and services. It is a measure of how effectively a company, industry, or economy converts inputs (such as materials, energy, and water) into outputs (such as products or services). The higher the resource productivity, the more value is created per unit of resource consumed. Key components of resource productivity include: 1. **Efficiency**: This involves optimizing the use of resources to minimize waste and maximize output.