ECONOMICS
PRODUCTIVITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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* You can work out an overall level of productivity (involving all four possible inputs). But, you can also calculate productivity for any one of the four individual factors of production, e.g. labour Improving the productivity of any one of these separate factors should increase overall productivity.
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Yes, I understand this from the notes
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No, I don’t understand this from the notes
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No, I don’t understand this, as I have not read the notes
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None of the above
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Explanation:
Detailed explanation-1: -“Positive attitude and involvement of management, ” “Proactive employees, ” “Good working conditions, ” “Tools and equipment to raise productivity, ” and “Availability of water, power and other input supplies” have been ranked as top five factors.
Detailed explanation-2: -“Productivity is an aggregate measure of the efficiency of production; it is the ratio of output to inputs i.e. capital, labor, land, energy and materials”.
Detailed explanation-3: -Capital productivity. Material productivity. Labor productivity. Total factor productivity. 06-May-2022
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