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What is meant by labaur productivity and show how change in labor productivity may affect on economy production possibility curve?
When productivity changes, it affects the productive capacity of an economy. Labour, as an input in production, helps to determine total output produced. When labour productivity falls,that is ouput per labour per decreases goods then total production falls. The PPP (also known as the PPF) moves inward to represent the fewer production choices available. When labour productivity increases, the curve shifts outward to represents increased production and production choices.
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How does technology affect productivity in an economy?
Usually, new technology will increase productivity in the economy. For example, if you replace a human in a factory with a robot that can work twice as quickly without breaks, productivity would increase.
How does specialization affect the economy?
Specialization increases an individual or groups productivity (and income) according to the principle of comparative advantage.
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 do increase in consumer spending affect the economy?
With an increase in consumer spending, there will be an increase in demand for goods/services, and therefore an increase in production, which drives the economy up.
How will a reduction in the number of hours worked each day affect an economy's production possibilities curve?
The economy's production possibilities would drop if there was a reduction in the number of hours worked each day. Since, production is dependent on labor, there would be less products produced.
How does technology affect productivity in an economy?
Usually, new technology will increase productivity in the economy. For example, if you replace a human in a factory with a robot that can work twice as quickly without breaks, productivity would increase.
How does the production of cheese affect the Economy of Cambodia?
mmm.. cheese
How did the first Industrial Revolution affect worker productivity and the economy of the northeast?
The industrial revolution remade the worker line making production faster and increasing input and output; this stimulated the economy because factories were able to produce more for cheaper and sell more for more money.
How does specialization affect the economy?
Specialization increases an individual or groups productivity (and income) according to the principle of comparative advantage.
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 does EL Nino affect the farming economy?
El Niño can impact the farming economy by causing extreme weather conditions such as droughts or floods, which can lead to crop failures, reduced yields, and increased production costs. It can also disrupt planting and harvesting schedules, leading to lower agricultural productivity and potential income losses for farmers.
How do increase in consumer spending affect the economy?
With an increase in consumer spending, there will be an increase in demand for goods/services, and therefore an increase in production, which drives the economy up.
How did the war affect the Europe economy?
The war in Europe affected the American economy by creating a massive increase in US industrial production as well as stable prices.
How will a reduction in the number of hours worked each day affect an economy's production possibilities curve?
The economy's production possibilities would drop if there was a reduction in the number of hours worked each day. Since, production is dependent on labor, there would be less products produced.
How does productivity affect supply?
no
List some factors that can affect productivity and some ways that productivity can be improved?
productivity is provide a measure to effective and efficient use resources
What are the communication problems faced in a large organisation?
The communication problems faced in a large organization is so many. There is a high possibility of passing down the wrong information which will ultimately affect productivity.
