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What is an example of a capital good and how does it contribute to the production of other goods and services?
An example of a capital good is a machine used in a factory to produce goods. This machine helps increase efficiency and productivity, allowing for more goods to be produced in a shorter amount of time. By using capital goods like machines, businesses can produce more goods and services, leading to economic growth and development.
The amount of goods or services produced per input used?
productivity
What is the role of productivity in a market economy?
amount of goods and services produced in a given amount of time
What are two ways to increase productivity?
Productivity goes up whenever more can be produced with the same amount of resources.
What is productivity growth?
Productivity growth is defined as a measure of the amount of goods and services that are produced during a specified period of time.
The amount of goods or services produced per input used?
productivity
What is the role of productivity in a market economy?
amount of goods and services produced in a given amount of time
How does the iPhone 3G increase productivity?
by decreasing the amount of brain cells you have
What is an example of a capital good and how does it contribute to the production of other goods and services?
An example of a capital good is a machine used in a factory to produce goods. This machine helps increase efficiency and productivity, allowing for more goods to be produced in a shorter amount of time. By using capital goods like machines, businesses can produce more goods and services, leading to economic growth and development.
What are two ways to increase productivity?
Productivity goes up whenever more can be produced with the same amount of resources.
What is productivity growth?
Productivity growth is defined as a measure of the amount of goods and services that are produced during a specified period of time.
Which economic indicator is measured by comparing the amount of goods or services produced with the amount of input that was used in production?
productivity
When amount of output produced by a given amount of input increase the most likely result is?
overall productivity rises.
The amount of goods and services produced from each hour of a worker's time is called?
productivity
What is The amount of goods and services produced from each unit of labor input called?
Productivity
What is ecologically productive?
Ecological productivity refers to the capacity of an ecosystem to produce biomass through photosynthesis and nutrient cycling. It is a measure of the amount of energy that flows through the ecosystem and is vital for supporting biodiversity and ecological services. High ecological productivity often indicates a healthy and sustainable ecosystem.
Difference between efficiency and productivity?
In economics, efficiency and productivity relate to the making of products, both goods and services. Productivity represents the amount of output compared to the effort put into the production of that good. Efficiency on the hand means the amount of time spent in doing the same thing.
