Which of the following factors determine labor productivity?

Labour productivity can be affected by a number of factors, including workers’ skills, technological change, management practices and changes in other inputs.

What are the key factors that determine labor productivity quizlet?

The amount of physical capital, human capital, and natural resources available to workers are some of the factors that affect labor productivity.

What are the 4 factors of productivity?

Land, labor, capital and entrepreneurship are some of the factors economists consider to be production. They are the building blocks of an economy.

What are the 4 factors affecting productivity?

Government Policy, Quality of Human Resources, Availability of Finance, Technological Development, and Natural Factors are some of the factors that affect industrial productivity.

What are 3 factors that are the determinants of average labor productivity?

Physical capital, human capital, and technological change are some of the factors that affect labor productivity. This can be seen as a key component of economic growth.

What is the explanation of labor productivity?

Growth in labor productivity is measured by the change in the ratio of labor productivity to output over time. Labor productivity growth allows workers to produce more goods and services than they would otherwise be able to do.

What are examples of labor productivity?

The labor productivity ratio is calculated using inputs and outputs. The labor productivity ratio is the number of hours worked divided by the number of hours produced by the company.

What does labor productivity include?

Labour productivity is the total volume of output (measured in terms of Gross Domestic Product, GDP) produced per unit of labour during a reference period.

What are two factors of productivity?

The building blocks of the economy are factors of production. The factors of production are divided into four categories by economists.

What are the five factors that influence labour productivity?

There are five factors that affect labour productivity, which are site and resource management factors, workforce characteristics factors, external factors, management factors and project characteristics factors.