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Can labor productivity decline as total output is rising?
NO. The labor productivity will rise together with total output. Vice versa
Why does Division of labor increases productivity?
specialization
What was not included in Adams Smith's theory of wealth accumulation?
When labor tasks become divided, productivity increases.
What are the primary determinants of agricultural labor productivity?
The primary determinants of agricultural productivity would be farm size, age, the weather and labor costs. Output is also considered a determinate.
Why is productivity important to economic growth?
because the better the productivity the better the nations economic growth.
What does continuous overtime often results in?
higher labor costs and lower productivity
How did mechanization affect coal mining?
The result was higher capital equipment requirement per worker, vast improvements in labor productivity, and a decline in labor requirements.
Can labor productivity decline as total output is rising?
NO. The labor productivity will rise together with total output. Vice versa
How do you increase labor productivity?
You increase labor productivity through allowing incentives as bonus and medical care as well as percentage of the profit.
Why does Division of labor increases productivity?
specialization
What was not included in Adams Smith's theory of wealth accumulation?
When labor tasks become divided, productivity increases.
What were the achievements of the American federation of labor?
---- Higher wages and better working conditions.
What is the important of immogration?
For the economy, it was a boost for labor productivity
What are the primary determinants of agricultural labor productivity?
The primary determinants of agricultural productivity would be farm size, age, the weather and labor costs. Output is also considered a determinate.
Why is productivity important to economic growth?
because the better the productivity the better the nations economic growth.
Discuss in details of productivity and labor welfare?
oWhat is the relationship between Marginal Productivity of Labour and Labour welfare
What are the determinants of average labor productivity?
Land natural resources
