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Explain about the work study.
Definition of Work Study:
Work Study, is defined through British Standard Institution, is a generic word for such techniques mainly ‘Method Study’ and ‘Work Measurement’ that are used within the examination of human work into all its contexts and that lead systematically to the investigation of each factors that affect the efficiency of the circumstances being reviewed, that seek enhancements.
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factors affecting the calculation of MRp
1. Wage ratios must lie in between the inter-country productivity ratios. 2. Large countries are always less specialized. 3. Low wage countries have bigger gains from trade.
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