What is defined as the ability to generate or enhance goods and services measured per unit of input?

The ability to generate or enhance goods and services measured per unit of input is known as productivity. This concept encompasses the efficiency with which resources (such as labor, capital, and materials) are utilized to produce outputs. Productivity is a crucial metric in business and economics, as it reflects how effectively an organization is able to convert inputs into useful products or services.

When productivity increases, it signifies that more output is being created for the same amount of input, indicating improved efficiency and potentially higher profitability for businesses. Conversely, when productivity declines, it can suggest wasted resources or inefficiencies that need to be addressed.

While other concepts like production efficiency, resource management, and operational effectiveness are related to the overall performance of a business, they do not specifically measure the output generated per unit of input in the same direct manner that productivity does. Hence, productivity stands out as the correct definition in this context.