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

single factor productivity and total factor productivity


What is diminishing factor productivity?

because prduct for dimini9shing porpous for end


What is partial factor productivity?

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.


Which factor of development increased the productivity of Louisiana's economy the 19th century the most?

Mass Production.


What is law of returns explain it with the help of schedule and diagram?

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

Related Questions

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

single factor productivity and total factor productivity


Training for change management?

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.


Productivity is the ratio of and .?

Total factor productivity is the ratio of total value added and the total cost of inputs.


What causes productivity to go up?

There are quite a few things that would cause productivity to go up. Efficiency is the number one factor affecting productivity.


What is factor 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)


What is diminishing factor productivity?

because prduct for dimini9shing porpous for end


What does human capital mean in social studies?

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.


What is the additional cache on the motheboard called?

form factor


Which factor of development increased the productivity of Louisiana's economy the 19th century the most?

Mass Production.


What is a linear factor?

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.


What factor influence a region photosynthetic productivity?

The main factor influencing production is consumer demand.


What is law of returns explain it with the help of schedule and diagram?

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