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Q: Why is labour productivity important?
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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.


Marginal productivity of labour and the demand for labour .?

Graphically illustrate and explain the relationship between marginal productivity of labour and the demand for labour .


Discuss in details of productivity and labor welfare?

oWhat is the relationship between Marginal Productivity of Labour and Labour welfare


What are the important points of significance of HRM?

competition; growth; technology; productivity; labour market; government laws and rules.


What has the author GR Barker written?

G.R Barker has written: 'Some problems of incentives and labour productivity in Soviet industry' -- subject(s): Labour productivity


What is meant by labaur productivity and show how change in labor productivity may affect on economy production possibility curve?

When productivity changes, it affects the productive capacity of an economy. Labour, as an input in production, helps to determine total output produced. When labour productivity falls,that is ouput per labour per decreases goods then total production falls. The PPP (also known as the PPF) moves inward to represent the fewer production choices available. When labour productivity increases, the curve shifts outward to represents increased production and production choices.


How to measure productivity?

total output / units of labour or capital


What has the author Peter Otto Steiner written?

Peter Otto Steiner has written: 'Productivity' -- subject(s): Labour productivity


The change in output from hiring one additional unit of labor?

Marginal labour productivity.


Why is productivity growth in service sector so important?

The reasons for growth in service economy are; Increase in affluence. more laiesire, higer percentage of women working in labour, greater complexity of labor, increase in products.


What has the author Clifford Frederick Pratten written?

Clifford Frederick Pratten has written: 'Labour productivity differentials within international companies' -- subject(s): Labor productivity, International business enterprises


What is system productivity?

system productivity is a very important function for improving productivity in any unit. we can say with the help same input using we can maximize our output or productivity