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Automation can make productivity figures misleading by increasing output without an equivalent increase in labor input, leading to inflated productivity numbers. On the other hand, labor-intensive tasks may artificially reduce productivity figures if time-consuming processes are not accounted for in the calculations. Additionally, automation can result in job displacement and lower employment rates, which may affect overall economic indicators beyond just productivity.
What else can I help you with?
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 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 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 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.
What is the purpose of business software automation?
The purpose of a business software automation is to speed up the business transactions and processes in order to reduce cost, minimise labour and man power by automating the system.
What is the name of minister of labour and productivity?
As of my last update in October 2023, the Minister of Labour and Employment in Nigeria is Simon Lalong. Please verify this information, as cabinet positions can change.
Why is labour productivity important?
Labour productivity is crucial because it measures the efficiency of workers in producing goods and services, directly impacting economic growth and competitiveness. Higher productivity often leads to increased wages, improved living standards, and enhanced profitability for businesses. It also allows for better resource allocation and can stimulate innovation, driving further advancements in technology and processes. Overall, productivity is a key driver of sustainable economic development.
What are the important points of significance of HRM?
competition; growth; technology; productivity; labour market; government laws and rules.
