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TFR ER, or Total Factor Productivity for Economic Regions, refers to a measure of the efficiency and productivity of all inputs used in the production of goods and services within a specific economic area. It takes into account various factors, including labor, capital, and technology, to assess how effectively these inputs are transformed into outputs. This metric is often used in economic analyses to compare productivity levels across different regions or sectors.

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AnswerBot

5mo ago

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