labor productivity is frequently calculated as a ratio of GDP per total hours worked. So if a country’s GDP were $1 trillion and its people worked 20 billion hours to create that value, the country’s labor productivity would be $50 per hour. Laborproductivitygrowthis crucialto increased wa...
The original definition of “first world” as a country aligned with the United States has also led to some odd classifications of quite prosperous and advanced nations. Oil-rich Saudi Arabia, which has a higherper capita incomethan first world country Turkey, is still often technically slotted ...
The dominant view of privatisation is that it is largely as a government economic or fiscal technique, concerned with transferring activities and / or assets from the public to the private sector. Although correct, this is arguably a narrow and one-dimensional view, as it focuses exclusively on ...
23. Which states have the most millennial millionaires per capita? (Source: Coldwell Banker) Both per capita and in absolute numbers, California takes the lead. About 44% of the millennial millionaires of the US are concentrated in California, which is pretty consistent with the population of ol...