Frederick Winslow Taylor
Henry Ford
Education directly affects the level of human capital (skill and knowledge we acquire), which is an input in economic production. Human capital increases economic growth by decreasing the costs of production and therefore increasing cost efficiency.
It appears that travel and tourism directly contributed to 2.5% of the US GDP in 2010. Travel and tourism indirectly contributed to 8.9% of US GDP in 2010. This is significantly lower than the world average.
Efficiency itself is impossible to measure directly. The classic practical definition is to measure all of the waste produced by the operation (heat, material, labour hours, etc.) and divide them all by the amount of acceptable product produced. You will never get to 'zero', but if the fraction is reduced, efficiency has increased. Good luck, Quality Assurance is the most difficult part of manufacure, but it can be the most rewarding.
In economic theory, Pareto efficiency refers to a situation where resources are allocated in the most efficient way possible, maximizing overall societal welfare. Externalities are costs or benefits that affect parties not directly involved in a transaction. The relationship between Pareto efficiency and externalities is that externalities can lead to market inefficiencies and prevent the achievement of Pareto efficiency. This is because externalities can result in a misallocation of resources and a failure to account for the full costs or benefits of a transaction, leading to a suboptimal outcome for society as a whole.
a per unit tax directly affects the marginal cost schedule by increasing the value of each marginal cost at each value by the amount of the tax
Frederick Winslow TaylorHenry Ford
One significant factor that contributed to the enormous industrial boom of the 1900s was government policies that supported business. Another factor was an increasing urban population.
The railroad was the advancement in technology that directly contributed to the cattle boom. Out in the west they created large cattle kingdoms.
Directly: physicists Indirectly: scientists
Hebrewwhat early civilization most directly contributed to the development of both Christianity and Islam?
Levers help you to exert a force to move an object by increasing the efficiency of your effort. They allow you to lift, push, or pull heavy objects with less force than if you were to directly lift them without a lever.
refrigerated railcar
Education directly affects the level of human capital (skill and knowledge we acquire), which is an input in economic production. Human capital increases economic growth by decreasing the costs of production and therefore increasing cost efficiency.
An injection pump uses an injector to spray fuel directly past a glow plug and than into the combustion chamber of a vehicle. This allows the fuel to burn to a more complete degree increasing efficiency.
The continental railroad.
Charles Goodyear
Henry Bessemer