worker productivity

What Factors Determine How Much A Person Is Paid For His Or Her Work?

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What Factors Determine How Much A Person Is Paid For His Or Her Work? What factors determine how much a person is paid for his or her work? According to most economics textbooks, our wages are determined just like any other price: by supply and demand. People supply their labor, and companies demand it, creating

What Effect Might High Worker Productivity?

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What Effect Might High Worker Productivity? What effect might High worker productivity? As an economy’s labor productivity grows, it produces more goods and services for the same amount of relative work. This increase in output makes it possible to consume more of the goods and services for an increasingly reasonable price. What factors increase worker