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What are the factors militating against productivity of a production system?
Wiki User
∙ 11y ago
FACTORS AFFECTING PRODUCTIVITY
1. Capital/labour ratio: It is a measure of whether enough investment is being made in plant, machinery, and tools to make effective use of labour hours.
2. Scarcity of some resources: Resources such as energy, water and number of metals will create productivity problems.
3. Work-force changes: Change in work-force affect productivity to a larger extent, because of the labour turnover.
4. Innovations and technology: This is the major cause of increasing productivity.
5. Regulatory effects: These impose substantial constraints on some firms, which lead to change in productivity.
6. Bargaining power: Bargaining power of organized labour to command wage increases excess of output increases has had a detrimental effect on productivity.
7. Managerial factors: Managerial factors are the ways an organization benefits from the unique planning and managerial skills of its manager.
8. Quality of work life: It is a term that describes the organizational culture, and the extent to which it motivates and satisfies employees.
Wiki User
∙ 11y ago
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Why is productivity important to economists?
To satisfy the whole Economy's needs and wants with the use of scarce resources, and because Productivity applies to all factors of production.
What are the factors that influence productivity?
An employee's capacity, tools used on the job and the type of incentive given all affect productivity. With the right tools, employees can increase their chances at meeting production each day.
Why is lac curve u-shaped?
LAC is u shaped due to the law of return to scale. In the long run the law of returns to scale operates. i.e. in the beginning, with the increase in variable and factors factors of production, the returns to scale comes in the rate of increasing.that means with the increase in factors of production, the specialization of factors of production becomes possible resulting higher productivity.
What are factors of production name any four factors of production.?
Factors of production
List some factors that can affect productivity and some ways that productivity can be improved?
productivity is provide a measure to effective and efficient use resources
What are factors militating against proper building of vocabulary?
through the use dictionary to observed the way it is pronounce
What are the factors militating against th practice of separation of power in nigeria?
ask the lecturer who gave you the assignment he must be stupid enough to not know the answer
How to differ from production and productivity?
Production refers to the volume, value or quantity of goods and services produced by a worker, plant, firm or economy. Its the sum total of the results achieved by the various factors together. Productivity, on the other hand, is concerned not merely with the total value or volume of output of product, what is more important is that it shows us the efficiency of the production. The difference between the two is when we find that all increases in production, does not necessairly result in increased productivity. If increase in total output is brought about with an increase in the input of factors of production, production will have increased, but productivity will only remain constant or low. Keeping all factors same, when we achieve higher output, then it is called increased productivity. Production refers to the volume, value or quantity of goods and services produced by a worker, plant, firm or economy. Its the sum total of the results achieved by the various factors together. Productivity, on the other hand, is concerned not merely with the total valur or volume of output of product, what is more important is that it shows us the efficiency of the production. The difference between the two is when we find that all increases in production, does not necessairly result in increased productivity. If increase in total output is brought about with an increase in the input of factors of production, production will have increased, but productivity will only remain constant or low. Keeping all factors same, when we achieve higher output, then it is called increased productivity. In fact Productivity refers to the quality of production. The clear definition of Productivity is the ratio of output to aggregate inputs. As per the International Labour Organization, the aggregation, if done in monetory terms, gives the exact value of productivity. A bit of common sense can tell that productivity is valued higher than one..as output should be more than all the inputs put together. However, it is not uncommon to hear the words labour productivity, material productivity etc. When such factors of production are referred with the word 'productivity', one has to understand that the evaluation of such factors with reference to production(output) is being done. In technical terms, we call them partial productivities. for example, Labour productivity means that the ratio of output to the corresponding labour input. This can be the out put achieved per man-hrs spent to get that output.
Why is productivity important to economists?
To satisfy the whole Economy's needs and wants with the use of scarce resources, and because Productivity applies to all factors of production.
What are the reasons for underdevelopment in Nigeria?
Corruption,selfishness,religeous differeces these are the major cause of it in nigeria even raciedness contribute much
What has the author Johannes van Biesebroeck written?
Johannes van Biesebroeck has written: 'Exporting raises productivity in sub-saharan African manufacturing plants' -- subject(s): Econometric models, Export marketing, Industrial productivity 'Wages equal productivity, fact or fiction?' -- subject(s): Wages and labor productivity 'Complementarities in automobile production' -- subject(s): Automobile industry and trade 'Cross-country conversion factors for sectoral productivity comparisons' -- subject(s): Capital productivity, Factors of production, Industrial productivity, Labor productivity, Measurement, Statistical methods
What are the factors that influence productivity?
An employee's capacity, tools used on the job and the type of incentive given all affect productivity. With the right tools, employees can increase their chances at meeting production each day.
Why is lac curve u-shaped?
LAC is u shaped due to the law of return to scale. In the long run the law of returns to scale operates. i.e. in the beginning, with the increase in variable and factors factors of production, the returns to scale comes in the rate of increasing.that means with the increase in factors of production, the specialization of factors of production becomes possible resulting higher productivity.
Why LAC is U shaped?
LAC is u shaped due to the law of return to scale. In the long run the law of returns to scale operates. i.e. in the beginning, with the increase in variable and factors factors of production, the returns to scale comes in the rate of increasing.that means with the increase in factors of production, the specialization of factors of production becomes possible resulting higher productivity.
What are factors of production name any four factors of production.?
Factors of production
List some factors that can affect productivity and some ways that productivity can be improved?
productivity is provide a measure to effective and efficient use resources
What is a production function concept?
Production function Equation that expresses the relationship between the quantities of productive factors (such as labour and capital) used and the amount of product obtained. It states the amount of product that can be obtained from every combination of factors, assuming that the most efficient available methods of production are used. The production function can thus measure the marginal productivity of a particular factor of production and determine the cheapest combination of productive factors that can be used to produce a given output.
