Graphically illustrate and explain the relationship between marginal productivity of labour and the demand for labour .
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.
total output / units of labour or capital
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.
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
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.
Graphically illustrate and explain the relationship between marginal productivity of labour and the demand for labour .
oWhat is the relationship between Marginal Productivity of Labour and Labour welfare
competition; growth; technology; productivity; labour market; government laws and rules.
G.R Barker has written: 'Some problems of incentives and labour productivity in Soviet industry' -- subject(s): Labour productivity
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.
total output / units of labour or capital
Peter Otto Steiner has written: 'Productivity' -- subject(s): Labour productivity
Marginal labour productivity.
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.
Clifford Frederick Pratten has written: 'Labour productivity differentials within international companies' -- subject(s): Labor productivity, International business enterprises
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