Under what circumstances does labor productivity grow?

Q: Why does agriculture need technological progress?

A: In any economy, primary economic sector is an agriculture sector as it is necessity for an economy.

Q: Ways to boost productivity?

A: Following are the ways to boost productivity:- 1. By improving employee engagement. 2. By…

Q: List and describe determinants of productivity.

A: In economic terms, productivity refers to the total output produced per unit of input, this input…

Q: explain the impact of education on the following: a)Labour productivity (b) Poverty (c) Trade…

A: Labor productivity refers to the amount of goods that are produced by the labors and their ability…

Q: the work ethic of the country's workers worsens over time resulting in a significant reduction in…

A: Option (C).

Q: what is the importance of calculating the growth rate?

A: Growth rate refers to the percentage change in the variable such as revenue, investment and other…

Q: Why is productivity important for the economy?

A: Productivity refers to the ratio of quantity of output to quantity of inputs. It describes how…

Q: In a capitalist economy, is income inequality necessary for economic growth?

A: - Income inequality is the unequal income distribution between different entities in society. It is…

Q: List and describe 3 factors of labour productivity.

A: Labor productivity: - Labor productivity is the capacity or ability of labor to produce goods and…

Q: By monitoring the worker force, how can we increase productivity

A:

Q: Which action taken by a worker would not be an investment in human capita

A: Investing in human capital will increase workers productivity. It can be done through worker…

Q: Compare and contrast human capital, H, and physical capital, K. How is H different from labour, L?

A: Physical capital refers to a factor of production or input in the production process. A…

Q: Does productivity has direct influence on a nation's living standards?

A: Answer: Productivity: productivity refers to the output produced per unit of input. If there is only…

Q: Which is not a factor of production?  Money Land Labor Capital

A: The factors of production are factors inputs and resources that are used to create the final…

Q: ways to boost productivity?

A: Productivity refers to the ratio of output produced from using a unit of input. In other words, it…

Q: How is productivity tied to standard of living?

A: Productivity is increased by the education , training or leaning by doond or learning by watching .…

Q: List and describe four determinants of productivity

A: Productivity is a measure of the efficiency of a firm . It is the ratio of the total volume of…

Q: Technological change and labor productivity are positively related

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: What are the current productivity trends in Australia?

A: Productivity refers to the economic term that defines the ability of a firm to use all of its input…

Q: What is the difference between “organisation” and “institution”? Is one more important than the…

A: An organization is used to mean a bunch of individuals, engaged in chasing the planned goals or set…

Q: entrepreneurs are

A: Entrepreneurs are those individuals who start a business by taking various types of risks. They are…

Q: What determines how productive workers are? How do gains in labor productivity lead to gains in GDP…

A: Labor productivity is an important economic indicator that is closely related to an economy's…

Q: Economist believe there is a strong correlation between productivity and the standard of living.…

A: Productivity: - Productivity is the production capacity of input used. Standard of living: - it…

Q: Improvements in their productivity of labor will tend to

A: productivity of labor estimates the hourly result of a nation's economy. In particular, it outlines…

Q: improvement in the productivity of labor will tend

A: The productivity of labor refers to the number of goods and services produced by the labor at a…

Q: Define the term labor productivity?

A: Labour productivity  is the amount  of output traditional labour  turns out in an hour of work, in a…

Q: What is the relevance of productive and allocative efficiency to the growth process?

A: Economic efficiency refers to the state in which all the resources are optimally allocated to serve…

Q: In economics, How might productivity be measured for each of the following industries ? a.…

A: The measure that depicts how efficiently inputs are being converted into outputs by companies,…

Q: How do the economic sectors differ?

A: Economic sectors refers to various different sectors of the economy each dealing with different…

Q: How does each variable in the production function reflect economic prosperity for a nation?

A: Answer in step 2

Q: How does the division of labor increase productivity?

A: According to Adam Smith Division of labor is the concept where the task is divided in to different…

Q: Is entrepreneur and entrepreneurship the same?

A: Entrepreneurs play an important role in economic development as a catalyst in the process of…

Q: Why does an increase in the labor force cause the Market Productivity of Capital to increase?

A: Marketing productivity is a measure of the profit responsiveness by segment to different levels of…

Q: . Productivity of land can be raised by

A: To find : What can be raised by productivity of land.

Q: The law of increasing opportunity cost arises because of the lack of labour mobility?

A: Opportunity cost refers to the cost of trade offs between goods. If the consumer decides to consume…

Q: What will be the contribution of women to economic growth? Expand your answer.

A: Given its much-vaunted emergent development status in recent years, the Indian economy continues…

Q: How we can measure Economic success and how it is important for economic growth.

A: Several social activists and policymakers have argued that relying solely only on the GDP growth…

Q: What Is Capital Equipment?

A: Capital equipments are capital goods which are used by firms to produce other goods and services,…

Q: An increase in labor productivity means businesses will produce more output with the same amount of…

A: Labor productivity refers to the amount of goods and services produced by the workforce at a given…

Q: How cam future business professionals can contribute to the real economic development of a country?

A: Future business professionals are those individuals that are considered highly skilled labor and…

Q: What actions could the government take to increase labor productivity? Name two

A: Labor productivity is defined as the hourly output of a country's economy. It calculates the amount…