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

Kolbey:s reaction, why can methane not be prepared by this reaction

why can methane not be prepared by this reaction

What caused the end of malthusian age, So what caused the end of Malthusian...

So what caused the end of Malthusian age? How did humanity escape from the trap in that invention and ingenuity increased the numbers though not the material well-being of humanity

Calculate the traditional net present value, Fiera Corporation is evaluatin...

Fiera Corporation is evaluating a new project that costs $45,000.  The project will be financed using 40% debt and 60% equity, thus maintaining the firm's current debt-to-equity ra

What is economics about, What is economics about? Economics: Economi...

What is economics about? Economics: Economics is a social science which studies individuals’ economic behavior, economic phenomenon, ands also how individual agents, as like

How do you define a control in economics, A control in economics means a st...

A control in economics means a steady profit rate that is enhancing. Thus, after one year you could have £1mill profit then the next year £3mill profit etc.

What are some ways for increase revenue, You've been contacted by a local s...

You've been contacted by a local semi-professional team in Colfax, known locally as the Colfax Thunder. They play their home games at the HS baseball park for only $100 per month.

Policy implications - structure of national income , Policy Implications: ...

Policy Implications: The expansion of the services sector  has wider implications for population, employment, and trade prospects of the economy, some of which are as follows:

Determine the optimal order size, A major component of the costs of many la...

A major component of the costs of many large firms is the cost associated with ordering and holding inventory. If the yearly demand for the good is D and the size of each order pla

Assignment, what is the theory of second best ? prove the theorem with the ...

what is the theory of second best ? prove the theorem with the help of a diagram .

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