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Advantages and disadvantage of using the GDP as a measure of productivity and economic health?
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.
What else can I help you with?
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
Impact of imports and exports on the US Open economy?
The impact of imports and exports on the US open economy is quite significant. This is what shapes the economic status and is used as the measure of the productivity level of the nation.
What is crop productivity definition?
Crop productivity is the quantitative measure of crop yield in given measured area of field.
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 a commonly used measure of productivity?
One commonly used measure of productivity is output per hour worked, also known as labor productivity. It measures the amount of output produced per unit of labor input. This measure helps businesses and economists assess efficiency and overall economic performance.
What is forest productivity?
The capacity of a forest to produce specific products (i.e. biomass, lumber) over time as influenced by the interaction of vegetative manipulation and abiotic factors (i.e. soil, climate, physiography). Net primary productivity (NPP) provides the fundamental measure of forest productivity. When measured at the point of foliar carrying capacity for all potential flora, NPP is a measure of potential site productivity. Rate of product growth, an economic component, is occasionally used as a partial measure of forest productivity.
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.
What does TFR ER bank term mean?
TFR ER, or Total Factor Productivity for Economic Regions, refers to a measure of the efficiency and productivity of all inputs used in the production of goods and services within a specific economic area. It takes into account various factors, including labor, capital, and technology, to assess how effectively these inputs are transformed into outputs. This metric is often used in economic analyses to compare productivity levels across different regions or sectors.
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.
