Labor productivity, Microeconomics

Assignment Help:

Labor Productivity 

- Labor Productivity and Standard of Living

- Consumption can increase if productivity increases.

- Determinants of Productivity

  • Stock of capital
  • Technological change

Trends in Productivity

 1) U.S. productivity is growing at the slower rate than the other countries.

 2) Productivity growth in the developed countries has been decreasing.

*  Explanations for Productivity Growth Slowdown

 1) Growth in stock of capital is primary determinant of growth in productivity.

 2) Rate of capital accumulation in U.S. was slower than other developed countries as the others were rebuilding after WWII.

 3) Depletion of the natural resources

 4) Environment regulations


Related Discussions:- Labor productivity

Equations, Ask q3x+5=20 uestion #Minimum 100 words accepted#

Ask q3x+5=20 uestion #Minimum 100 words accepted#

Neoclassical economics, Neoclassical economics is dominant approach to econ...

Neoclassical economics is dominant approach to economics currently taught and practiced in most of the world (and particularly dominant in Anglo-Saxon countries). It attempts to ex

The law diminishing marginal utility, the law diminishing marginal utility ...

the law diminishing marginal utility explain through flow chart

Strategic importance of supply chain management, Strategic Importance of Su...

Strategic Importance of Supply Chain Management This describes the scope of supply chain management (SCM), including the management of procurement, logistics and materials. It

Price elasticities of demand, how to compute the price of a laptop increase...

how to compute the price of a laptop increase of 20% and there is a 40% drop in the aquantity demanded

Hybridization, What is Hybridization? Atomic orbitals can be combined, ...

What is Hybridization? Atomic orbitals can be combined, in a process called hybridization in chemistry , to describe the bonding in polyatomic molecules. Descriptions of the b

Evaluate the equilibrium price and quantity, Evaluate the equilibrium price...

Evaluate the equilibrium price and quantity (a) Find the equilibrium price and quantity (b) If government in trying to control the price of the good fixes the price at c550

Concentration ratio cr4, "If for a certain market, the concentration ratio ...

"If for a certain market, the concentration ratio CR4 (the combined market share of the 4 largest firms) is 1, its Herfindahl index is at least 0.25." Describe the given statement.

Supply/demand/cost curves, given short run total cost curve :10q^2+4q=100 a...

given short run total cost curve :10q^2+4q=100 and short run marginal cost MC=20q+4 and market demand Q=100-p what''s the equation of the short run supply curve?

Cost theory, What are the economies and diseconomics of scale?

What are the economies and diseconomics of scale?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd