production and productivity (4.1.1) 0.0 / 5 ? Economicsproduction and productivity (4.1.1)ASAQA Created by: lee42Created on: 03-06-19 11:40 What is productivity? It is the output for a given input 1 of 5 What is the input? It refers to one of the factors of production 2 of 5 What does productivty measure? It measures the efficency of firms and economies 3 of 5 What is the equation for labour productivity? output in a given time period/total number of workers/total hours worked 4 of 5 How can labour productivity increase? More education and training and installing better technology 5 of 5
The reasons for individuals, organisations and societies having to make choices 3.0 / 5 based on 1 rating
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