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Advantages and disadvantage of using the GDP as a measure of productivity and economic health?
Wiki User
∙ 9y ago
The advantages of using GDP as a measure of productivity and economic health is that GDP is universal and can be used to measure an economy's growth or decline. The disadvantage of using GDP as a measure of productivity and economic health is that it does not effectively measure the quality of products.
Wiki User
∙ 9y ago
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What are the advantages and disadvantage of using willingness to pay as a measure value?
ANSWER ??
What is a measure of productivity?
A measure of productivity is a way to tell how much work is getting accomplished at a business. For instance, the number of shelves that get fully-stocked during a shift is an example of a productivity measure.
What do you mean when you say productivity is a relative measure?
single factor productivity and total factor productivity
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List some factors that can affect productivity and some ways that productivity can be improved?
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What are the advantages and disadvantage of using willingness to pay as a measure value?
ANSWER ??
What is Labor Productivity and how is it important to economic growth?
Labour productivity is defined by the OECD to be "the ratio of a volume measure of output to a volume measure of input" OECD Manual: "Measuring Productivity; Measurement of Aggregate and Industry-Level Productivity Growth. Labour productivity is important to economic growth because without it no one would be working.
What is the disadvantage of radian measure?
Some less able students are not at ease when working with irrational numbers. Overall, though, the advantages far outweigh that prejudice/disadvantage.
What is forest productivity?
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Metrication advantage or disadvantage?
The advantages of Metrication is that we can convert and measure things. And the disadvantage of metrication is that we're becoming lazy, its like that we're just thinking that there is always an instrument to help us, <3
What is a measure of productivity?
A measure of productivity is a way to tell how much work is getting accomplished at a business. For instance, the number of shelves that get fully-stocked during a shift is an example of a productivity measure.
What do you mean when you say productivity is a relative measure?
single factor productivity and total factor productivity
Does performance goal measure productivity?
yes! it measures productivity in the workplace
What type of measure is productivity?
Productivity is a performance measure that indicates how effectively an organization converts its resources into its desired products or services.
How do you measure the levels of production in a business?
The best way to measure the levels of production in business is to establish benchmarks and then measure productivity over time. You can choose to measure productivity every three months.
How the reward practices can be measured?
The best way to measure whether a reward is effective is to measure productivity. Managers can measure where productivity was prior to the new reward system, and where it is three months later.
How you can measure aircraft utilization?
Aircraft productivity is the measure of the craft's productivity. It's measured by dividing aircraft block hours by the days allocated to service on air.
