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Why is it more difficult to increase productivity of a service system as compared to a production system?
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∙ 8y ago
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Robile Mengsteab
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A nation can increase its production possibilities by?
A nation can increase its production possibilities by improving labor productivity. More industries can be created so as to increase the output level.
What are the factors that influence productivity?
An employee's capacity, tools used on the job and the type of incentive given all affect productivity. With the right tools, employees can increase their chances at meeting production each day.
How can a society increase its potential output?
a society can increase its potential as follow 1 increase in productivity 2 increase in investment 3 inprove on man-power development
What is an increase in productivity?
An increase in productivity is when a person does something at a faster pace, and they get more done the faster they go.
What are conditions needed for economic growth?
By the Harrod-Domar model, net investment should be greater than depreciation rate or there should be an increase in the productivity of the factors of production.
A nation can increase its production possibilities by?
A nation can increase its production possibilities by improving labor productivity. More industries can be created so as to increase the output level.
Why does an advance in technology increase supply?
because labor's or capital's productivity increases and costs of production fall
How to differ from production and productivity?
Production refers to the volume, value or quantity of goods and services produced by a worker, plant, firm or economy. Its the sum total of the results achieved by the various factors together. Productivity, on the other hand, is concerned not merely with the total value or volume of output of product, what is more important is that it shows us the efficiency of the production. The difference between the two is when we find that all increases in production, does not necessairly result in increased productivity. If increase in total output is brought about with an increase in the input of factors of production, production will have increased, but productivity will only remain constant or low. Keeping all factors same, when we achieve higher output, then it is called increased productivity. Production refers to the volume, value or quantity of goods and services produced by a worker, plant, firm or economy. Its the sum total of the results achieved by the various factors together. Productivity, on the other hand, is concerned not merely with the total valur or volume of output of product, what is more important is that it shows us the efficiency of the production. The difference between the two is when we find that all increases in production, does not necessairly result in increased productivity. If increase in total output is brought about with an increase in the input of factors of production, production will have increased, but productivity will only remain constant or low. Keeping all factors same, when we achieve higher output, then it is called increased productivity. In fact Productivity refers to the quality of production. The clear definition of Productivity is the ratio of output to aggregate inputs. As per the International Labour Organization, the aggregation, if done in monetory terms, gives the exact value of productivity. A bit of common sense can tell that productivity is valued higher than one..as output should be more than all the inputs put together. However, it is not uncommon to hear the words labour productivity, material productivity etc. When such factors of production are referred with the word 'productivity', one has to understand that the evaluation of such factors with reference to production(output) is being done. In technical terms, we call them partial productivities. for example, Labour productivity means that the ratio of output to the corresponding labour input. This can be the out put achieved per man-hrs spent to get that output.
How employees participation helps to improve productivity of the organization?
since they were employees definately they will play their role to increase the production of the organization
What are the factors that influence productivity?
An employee's capacity, tools used on the job and the type of incentive given all affect productivity. With the right tools, employees can increase their chances at meeting production each day.
What is productivity deal?
A productivity deal is an agreement between an employer and employee. In this agreement, the employer commits to increase the pay rate with increase in productivity.
How can a society increase its potential output?
a society can increase its potential as follow 1 increase in productivity 2 increase in investment 3 inprove on man-power development
What is an increase in productivity?
An increase in productivity is when a person does something at a faster pace, and they get more done the faster they go.
Why it is so difficult to increase productivity in the service sector?
Customers want service people to spend as much time as needed to remedy a problem.
How do you increase labor productivity?
You increase labor productivity through allowing incentives as bonus and medical care as well as percentage of the profit.
What are conditions needed for economic growth?
By the Harrod-Domar model, net investment should be greater than depreciation rate or there should be an increase in the productivity of the factors of production.
What is the formula for production?
There isn't a real formula for total product, it depends on how much much the variable factor input (i.e.labour) increase (decrease) the current total productivity.
