Under what circumstances does labor productivity grow?

Q: What are the three factors that impact productivity? Provide an example for each factor describing…

A: A firm employs many factors of production (capital , labor , land and entrepreneurship) and each…

Q: What correlation lies between productivity and the standard of living?

A: The amount of goods and services produced by the average worker in an hour of work is referred to as…

Q: What is the impact on the labour market due to an increase in the productivity of workers?

A: In the labor market, firms make demand for workers or labor and households supply labor to firms.

Q: technological advancement create unemployment

A: Technological advancement refers to the changes that have been brought in the process of production.

Q: How does magna carta define small and medium enterprises?

A: Enterprises, in general, refer to organizations or businesses that are engaged in economic…

Q: What is the impact on the labour market due to reduction in productivity of workers?

A: Productivity changes cause major changes in labor market.

Q: Who is in the labor force?

A: Labor force concept The workforce, also referred to as the labour force, is the group of employed…

Q: Watch the video clip The Corporation. After watching the video clip consider that labor is a derived…

A: Labor demand is said to be derived demand because it is heavily influenced by the product or output…

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: Does technological innovation create unemployment?

A: Technological innovation leads to higher production of goods and services from the same level of…

Q: How does migration affect the economy?

A: Migration means when someone is moving from its home country to another country for the job.…

Q: What is the likely effect on a country's labor productivity if there is significant investment in…

A: Labor productivity shows the workforce productivity. It is the measure of the output produced per…

Q: What is economic transition

A: A transitional economy is moving from a planned economy to one with a market economy framework.

Q: What is the effect of urban migration on the economic development of a country?

A: Urban migration is the process of workers or laborers moving from rural areas to urban areas or…

Q: What are the two main factors that affect labor productivity?

A: The major two factors which are to be understood which affect the labor productivity are: Technical…

Q: how many workers are not in the labor force

A: Labor force refers to the group of employed as well as unemployed people. It includes all those…

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: How does the labor market and workforce dynamics, including skills shortages, talent mobility, and…

A: The labor market refers to the interaction between employers and workers in the process of buying…

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: What is the two sector model?

A: The two sector model emphasizes on two way production processes.

Q: What is capital and enlist the types

A: Meaning of Capital: The term capital under financial institution refers to the situation when an…

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: Why is it important to study productivity? How do we determine productivity? Give an example of each…

A: It is essential to concentrate on efficiency since it decides the expectations for everyday comforts…

Q: why impact Labour force to Secondary education in a country

A: Training and Education lead to an increase in productivity of a country and also improves the…

Q: What is labor and migration?

A: Labor  are the people who work to produce goods and services and they are paid for their work done .…

Q: Are technology advancements and labour unions compatible

A: Introduction, In order to protect workers' rights and stop employers from abusing them, labor unions…

Q: Why is R&D a key factor in productivity improvement? Name some ways R&D contributes to productivity…

A: R&D (Research and Development) is an important factor necessary for growth of every economy…

Q: What is Mixed Economic System?

A: A Mixed Market Economy or Mixed Market System is a combination of several parameters of market…

Q: What has happened to the rate of productivity growth over the past 50 years? How might you explain…

A: Productivity refers to the output that can be produced with the given inputs in a particular time…

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: How is it possible for labor productivity to increase if output is falling?

A: Labor productivity means that output is produced by labor within the stipulated time in a country's…