single factor productivity and total factor productivity
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Partial factor productivity measures the efficiency of a single input factor in the production process, typically expressed as the ratio of output to a specific input, such as labor or capital. For example, labor productivity is calculated by dividing total output by the total hours worked. This metric helps businesses assess how effectively they are utilizing individual resources, enabling them to identify areas for improvement. However, it does not provide a complete picture of overall productivity or efficiency since it isolates only one factor at a time.
Mass Production.
returns to factor means change in physical output of a good or a commodity when the quantity demanded of one factor is increase while that of the other factors remain constant . It is a short run phenomenon and can be possible in three ways they area) Increasing return to factor - increasing returns to a factor refers to a situation on when each additional unit of a variable factor adds more and more to the total output that is when marginal product of a factor increases as more of the variable factor is constantb) constant returns to a factor - constant returns to a factor refers to a situation in which additional units of a variable factors adds the same amount of output that is when the marginal product of the variable factor is constantc) Diminishing returns to a factor refers to a situation in which each additional unit of a variable factor adds lesser and lesser amount of output that is when marginal product of a factor falls as more of it is used
single factor productivity and total factor productivity
Change is by nature. Training for Change Management varies from time to time and also depends on two different factors i.e. Internal factor and External factor. So one should see that Change should be welcomed by all.
Total factor productivity is the ratio of total value added and the total cost of inputs.
There are quite a few things that would cause productivity to go up. Efficiency is the number one factor affecting productivity.
A productive factor is an input capable of producing (use- or exchange-) values, such as Nature (land) and labor, Hasmendi (2004). therefore factor productivity is a process in whicha productive factor produces or adds value to the output (goods and services)
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In social studies, human capital refers to the knowledge, skills, and abilities that individuals possess and can contribute to economic productivity. It encompasses the education, training, and experiences that individuals acquire over time to enhance their productivity and economic value in the workforce. Human capital is a key factor in understanding economic growth and development within societies.
form factor
Mass Production.
What is a linear factor What is a linear factor A linear factor is defined as a small change here will effect a small change there by a set value or factor.
The main factor influencing production is consumer demand.
returns to factor means change in physical output of a good or a commodity when the quantity demanded of one factor is increase while that of the other factors remain constant . It is a short run phenomenon and can be possible in three ways they area) Increasing return to factor - increasing returns to a factor refers to a situation on when each additional unit of a variable factor adds more and more to the total output that is when marginal product of a factor increases as more of the variable factor is constantb) constant returns to a factor - constant returns to a factor refers to a situation in which additional units of a variable factors adds the same amount of output that is when the marginal product of the variable factor is constantc) Diminishing returns to a factor refers to a situation in which each additional unit of a variable factor adds lesser and lesser amount of output that is when marginal product of a factor falls as more of it is used