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What does labor contribute to production?

Depends. If: Robots are your workers: not a lot directly, but the labour required for maintainance is quite important. Humans are your workers: Most of it. Motivation of said workers contributes the rest.


When an economy is operating under conditions of full employment why will the production of more of commodity A mean the production of less of commodity B?

It will occur because of the movement of workers from the production of one commodity to the other. Full employment means that there are no unemployed workers available. In this case, the hypothetical economy is a closed system. No new workers, materials, production facilities, money or markets can be introduced. Because it is operating under conditions of full employment, all the workers, raw materials, factories, money and customers are being fully utilized. Therefore, if we decide we need more Commodity A we have to steal workers, materials and production space from that allocated to Commodity B.


What was the system of production were workers worked from home to produce goods?

Cottage Industires.


Why is the workers role unique in the game of economics?

The workers role is unique in the game of economics since they are directly involved. They are the ones who will manufacture, market, sell the products in an economy.


What In the game of economics workers play a double role functioning as both consumers and?

producers. As consumers, workers purchase goods and services to meet their needs and desires, directly influencing demand in the economy. Simultaneously, as producers, they contribute their labor to create products and services, which drives supply. This dual role helps maintain the balance in economic activity, as the interplay between consumption and production shapes market dynamics.

Related Questions

What is direct labor?

Direct labor is that workers cost which directly involve in production of goods like factory workers or furniture maker etc.


What does labor contribute to production?

Depends. If: Robots are your workers: not a lot directly, but the labour required for maintainance is quite important. Humans are your workers: Most of it. Motivation of said workers contributes the rest.


Who is labor?

The factory workers who directly involve in production of goods is direct labor which cost is also separately identifiable.


Who is direct labor?

The factory workers who directly involve in production of goods is direct labor which cost is also separately identifiable.


How many production workers were there in the public building and related furniture industry in 2000?

Production workers accounting for 29,723 positions in that figure. The average hourly wage for production workers in the industry was $12.32.


Is a factory foreman included in direct labor?

A factory foreman is typically not classified as direct labor. Direct labor refers to the workers directly involved in the production of goods, such as assembly line workers or machine operators. Instead, a foreman is usually considered part of indirect labor, as their role focuses on supervising and coordinating the workforce rather than directly contributing to the physical production process.


What is direct factory labor?

Factory direct labor is that workforce which is directly involve in production of goods like daily wages workers or skilled labor etc.


How many people work in the forging industry?

The industry as a whole employed 26,418 workers in 2000, of which 19,560--roughly three-fourths--were directly involved in production.


Why factory managers are paid more than production workers?

why are factory managres paid more than production line workers


Why factory manager are paid more than production line workers?

why are factory managres paid more than production line workers


Who was the target audience of Lenin and his revolutionary actions?

The Workers.


What are common contexts for Helpers-Production workers?

The common contexts for Helpers Production Workers is to wear common protective clothing such as the gloves, shoes and glasses.