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what to respond to this statement The concept of labor productivity measures the output produced per unit of labor, often quantified as output per hour
what to respond to this statement The concept of labor productivity measures the output produced per unit of labor, often quantified as output per hour worked. Examples of factors that contribute to labor productivity are advancements in technology (improved manufacturing efficiency). Training and education (this makes skills for working better) and capital (access to tools that are of higher quality improve output). These would all help. For example, a factory that has more cutting-edge machinery will most likely have increased production rates. This shows how technology contributes to labor productivity
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