The answer is pretty intuitive. The main determinants of labor productivity are physical capital, human capital, and technological change. These can also be viewed as key components of economic growth. Physical capital can be thought of as the tools workers have to work with. More ...
Daniel P. Rich, in Research in Transportation Economics, 2004 Labor productivity is a deceptively simple concept subject to a wide range of measurement choices and economic considerations. Among the most influential choices are the definition of output and treatment of intermediate purchases. Gordon (...
While all modern economists acknowledge the importance of division of labor as an elementary condition of productivity, much of mainstream economics treated it as a commonplace external to the theory. By contrast, Adam Smith emphasizes division of labor as the core of an endogenous process. ...
Ch 10. Economic Growth and Productivity Ch 11. Money, Banking and Financial... Ch 12. Central Bank and the Money... Ch 13. Fiscal and Monetary Policies Ch 14. Foreign Exchange and the Balance of... Ch 15. Inflows, Outflows, and... Ch 16. Studying for Economics 102Direct...
Ch 3. Economics and Business Ch 4. Forms of Business Ownership Ch 5. Entrepreneurship and Small... Ch 6. Managing and Leading in Business Ch 7. Leadership Styles in Business Ch 8. Workplace Productivity &... Ch 9. Organizational Management Ch 10. Product Development and... Ch 11. Busin...
In the era of digital transformation, understanding the factors that drive labor productivity is of paramount importance. Against this backdrop, this study
and products is productivity; knowledge applied to the new is innovation. […] Knowledge has become the central, key resource that knows no geography. It underlies the most significant and unprecedented social phenomenon of this century. No class in history has ever risen as fast as the blue-...
to revisit and revise, if necessary, the definition of competitiveness and characterize the factors that affect... LJ Martin,K Stiefelmeyer - 《Miscellaneous Publications》 被引量: 15发表: 2001年 Productivity of Faculty in Higher Education Institutions. Denton, Tsai, and Cloud investigate in quiry...
When producing goods and services, businesses require labor and capital as inputs to their production process. The demand for labor is aneconomics principlederived from the demand for a firm's output. That is, if demand for a firm's output increases, the firm will demand more labor, thus h...
controversial. Classical economics and many economists suggest that like otherprice controls, a minimum wage can reduce the availability of low-wage jobs. Some economists say that a minimum wage canincrease consumer spending, however, thereby raising overall productivity and leading to a net gain in...