Capacity
Definitions
1. General: Specific ability of an entity (person or organization) or resource, measured in quantity and level of quality, over an extended period.
2. Banking: Borrower’s ability to repay a debt on a timely basis, determined by deducting total cash outflows from the borrowers total income during (usually) a month.
3. Law: Legal ability of an entity (person or organization) to perform an act, such as creating a binding contract.
4. Manufacturing: Highest sustainable output rate (maximum number of units per month, quarter, or year) that can be achieved with current resources, maintenance strategies, product specifications, etc. See also engineered capacity.
5. Telecommunications: Highest possible reliable transmission rate that can be carried on A channel, circuit, or equipment.
Productivity
Definition
The amount of output per unit of input (labor, equipment, and capital). There are many different ways of measuring productivity. For example, in a factory productivity might be measured based on the number of hours it takes to produce a good, while in the service sector productivity might be measured based on the revenue generated by an employee divided by his/her salary.
efficiency
Definition
1. The ratio of the effective or useful output to the total input in any system or the ratio of the energy delivered by a machine to the energy supplied for its operation.
2. Accomplishment of or ability to accomplish a job with a minimum expenditure of time and effort.
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