Assignment no.4

1.)What is effectiveness?
-Effectiveness means the capability of producing an effect.In mathematics,effective is sometimes used as a synonym of algorithmically computable.
2.)What is efficiency?
-Efficiency wages,paying workers more than the market rate for increased productivity desired effect,or success in achieving a given goal.Contrary to efficiency,the focus of efficiency is the achievement as such,not the resources spent in achieving the desired effect.Therefore,what is effective is not necessarily efficacious,and what is efficacious is not necessarily efficient.
3.)What is productivity?
-Productivity may be conceived of as a metric of the technical or engineering efficiency of production.As such,the emphasis is on quantitative metrics of input,and sometimes output.productivity is distinct from metrics of allocative efficiency,which take into account both the monetary value(price)of what is produced and the cost of inputs used,and also distinct from metrics of profitability,which address the difference between the revenues obtained from output and the expense associated with consumption of inputs.