enow.com Web Search

Search results

  1. Results from the WOW.Com Content Network
  2. Total factor productivity - Wikipedia

    en.wikipedia.org/wiki/Total_factor_productivity

    In economics, total-factor productivity (TFP), also called multi-factor productivity, is usually measured as the ratio of aggregate output (e.g., GDP) to aggregate inputs. [1] Under some simplifying assumptions about the production technology, growth in TFP becomes the portion of growth in output not explained by growth in traditionally ...

  3. Productivity - Wikipedia

    en.wikipedia.org/wiki/Productivity

    Productivity is the efficiency of production of goods or services expressed by some measure. Measurements of productivity are often expressed as a ratio of an aggregate output to a single input or an aggregate input used in a production process, i.e. output per unit of input, typically over a specific period of time. [1]

  4. Marginal product of labor - Wikipedia

    en.wikipedia.org/wiki/Marginal_product_of_labor

    The average product of labor (APL) is the total product of labor divided by the number of units of labor employed, or Q/L. [2] The average product of labor is a common measure of labor productivity. [4] [5] The AP L curve is shaped like an inverted “u”. At low production levels the AP L tends to increase as additional labor is added.

  5. Malmquist index - Wikipedia

    en.wikipedia.org/wiki/Malmquist_index

    While the production function would normally apply to an enterprise, it is possible to calculate it for an entire region or nation. This would be called the aggregate production function. To calculate the Malmquist Index of economy A with respect to economy B, we must substitute the labour and capital inputs of economy A into the production ...

  6. Partial productivity - Wikipedia

    en.wikipedia.org/wiki/Partial_productivity

    Value-added productivity; Unit cost accounting; Efficiency ratios; Managerial control ratio system; Single-factor productivity refers to the measurement of productivity that is a ratio of output and one input factor. A most well-known measure of single-factor productivity is the measure of output per work input, describing work productivity ...

  7. Marginal product - Wikipedia

    en.wikipedia.org/wiki/Marginal_product

    Average physical product (APP), marginal physical product (MPP) In economics and in particular neoclassical economics, the marginal product or marginal physical productivity of an input (factor of production) is the change in output resulting from employing one more unit of a particular input (for instance, the change in output when a firm's labor is increased from five to six units), assuming ...

  8. Productivity model - Wikipedia

    en.wikipedia.org/wiki/Productivity_model

    A productivity model is a measurement method which is used in practice for measuring productivity. A productivity model must be able to compute Output / Input when there are many different outputs and inputs.

  9. Solow residual - Wikipedia

    en.wikipedia.org/wiki/Solow_residual

    The Solow residual is a number describing empirical productivity growth in an economy from year to year and decade to decade. Robert Solow, the Nobel Memorial Prize in Economic Sciences-winning economist, defined rising productivity as rising output with constant capital and labor input.