Which Of The Following Will Likely Increase Labor Productivity? Labor productivity is largely driven by investment in capital, technological progress, and human capital development. Business and government can increase labor productivity of workers by direct investing in or creating incentives for increases in technology and human or physical capital. Which of the following will cause
What Is The Amount Of Output Produced By Given Amount Of Inputs Increases? In economics, productivity refers to how much output can be produced with a given set of inputs. Productivity increases when more output is produced with the same amount of inputs or when the same amount of output is produced with less inputs.
How Much Do We Need To Increase Food Production? According to estimates compiled by the Food and Agriculture Organization (FAO), by 2050 we will need to produce 60 per cent more food to feed a world population of 9.3 billion. How much more food do we need to produce by 2050? A 2011 study suggests
What Happens When Capital-labor Ratio Increases? Increases in the capital-labor ratio increase consumption per worker in the steady state only up to a point. If the capital-labor ratio is too high, then consumption per worker may decline due to diminishing marginal returns to capital, and the need to divert much of output to maintaining the