Labour productivity
What Labour productivity means in Economics B A-Level, as defined for Pearson Edexcel.
Definitions of Labour productivity
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Reference: Pearson Edexcel
Output per worker, which education and skills training increase while reducing error rates.
A factor influencing labour demand, since changes in it affect the demand for workers.
Topics that use Labour productivity
- Productive and allocative efficiency (Pearson Edexcel A-Level)
- Wage rates (Pearson Edexcel A-Level)
Related terms
- Allocative efficiency
- Consumer preferences
- Market interrelationships
- Market orientation
- Opportunity cost
- Productive efficiency
- Trade-offs
- Wage determination
Using Labour productivity in the exam
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