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single factor productivity and total factor productivity

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Q: What do you mean when you say productivity is a relative measure?
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What is system productivity?

system productivity is a very important function for improving productivity in any unit. we can say with the help same input using we can maximize our output or productivity


What is the importance of measuring national income?

to measure standard of living in a country GDP in generally use to measure the productivity in a country, to compare different sector's of economy, which sector is progressing at what speed, as it is progressing at the desired speed or not to measure the growth rate in crease in GDP generally shows the growth in the country GNP generally shows the standard of living and GDP generally shows the productivity in the country government planning needs data for forecasting of economic resources and to achieve targets, the national income figure gives the clear indications about the scares resources to achieve different targets to measure the distribution of income in different sectors, so the importance of sectors and the priority sectors so that investment should be done on that sector say banking in rural areas


What is a disadvantage of coins?

They weigh more than paper money so they are more difficult to carry around. They cost more to make relative to their face value than paper money relative to its face value ....... If you throw a coin at someone they will say "ouch" when it hits them, if you throw paper money at someone they will say "thanks dude"


Is GDP a good measure of the prosperity of the averge person?

Would you say that real GDP per person is a useful measure of economic well-being ?Defend your answer.


How much purchasing power would 1467 dollars have in 1 ad?

There were no dollars then or any modern currencies to measure by, so it is not possible to say.

Related questions

What do we mean when you say that motion is relative?

It means the motion you measure for something depends on where you measure from. For example, You are on the sidewalk and measure the speed of a truck and its driver to be 60mph. But if you were in the truck and measured the speed of the driver it would be zero, because now, relative to you, the driver is not moving.


How do you say relative in french?

relatif - or if you mean a family member - un parent


How do you say productivity in french?

Productivité


What is system productivity?

system productivity is a very important function for improving productivity in any unit. we can say with the help same input using we can maximize our output or productivity


What measurers relative humidity?

Relative Humidity is actually measure the amount of moisture in the air. It depends on how much of the air has water in it. Let's say that the RH is 50%, that means 50% of the air has water in it.


A body which is in both rest and motion?

At rest and in motion are relative terms. When we say 'in motion' or 'at rest' we mean relative to something else. If you were travelling in a car for instance, you would be at rest relative to the car but in motion relative to the outside world.


What does an m in front of an angle mean?

Its to say its the MEASURE of the angle, instead of the angle itself


Why do people say he got his genes from a relative?

Because the relative is related to him/her


Is it if she was your relative or if she were your relative?

Both "if she was your relative" and "if she were your relative" are correct. However, using "if she were your relative" is more formal and considered more grammatically correct in traditional grammar rules.


What economics term describes the rate at which products are manufactured?

efficiency-------------- its not that. i have to say that it is " Productivity"


An object is in motion if its position changes relative to a what?

An object is in motion if it changes position relative to a reference point. Motion is a relative quantity and is expressed in respect to the position of another object. Example: both a car and the Earth are moving (earth is revolving around the sun) but if we express the motion of the car in respect to the Earth, we say the car is moving relative to the Earth. At the same time the earth is moving relative to the sun.


What does relative humidity measure?

Relative Humidity is actually measure the amount of moisture in the air. It depends on how much of the air has water in it. Let's say that the RH is 50%, that means 50% of the air has water in it.