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oWhat is the relationship between Marginal Productivity of Labour and Labour welfare
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∙ 15y ago
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What has the author Sanghoon Ahn written?
Sanghoon Ahn has written: 'Technology upgrading with learning cost' -- subject(s): Information technology, Labor productivity 'Pro-welfare politics' -- subject(s): Public welfare, Social policy, Welfare state
Advantages of labor welfare?
Labor welfare helps in promoting employee satisfaction and loyalty, leading to increased productivity and reduced turnover rates. Providing benefits such as healthcare, insurance, and childcare support can also improve the overall well-being of employees and their families, contributing to a positive work environment. Additionally, a focus on labor welfare can enhance the company's reputation and attract top talent in the competitive job market.
Can labor productivity decline as total output is rising?
NO. The labor productivity will rise together with total output. Vice versa
How do you increase labor productivity?
You increase labor productivity through allowing incentives as bonus and medical care as well as percentage of the profit.
What are the concepts of labor welfare?
Labor welfare introduced concepts of things that better the employee's life that go beyond wages, For example, sick time and access to healthcare are two very important aspects of labor welfare.
Why does Division of labor increases productivity?
specialization
What was not included in Adams Smith's theory of wealth accumulation?
When labor tasks become divided, productivity increases.
How can division of labor an specialization increase productivity?
Labor specialization is what economists called division of labor. This is the practice of breaking up a big job, like building an automobile, into smaller jobs. Once the details of each small task are worked out, the tasks are assigned to individual workers. This way, instead of have to learn how to build an entire car, each worker only has to learn his or her task, which increases productivity.
What are the voluntary welfare facilities in labor welfare?
the voluntary welfare measures means employers willing share their profit for labour welfare schemes.
What is the important of immogration?
For the economy, it was a boost for labor productivity
Aims and objectives of labor welfare?
there is no difference
What are the primary determinants of agricultural labor productivity?
The primary determinants of agricultural productivity would be farm size, age, the weather and labor costs. Output is also considered a determinate.
