Productivity
What Productivity means in Economics B A-Level, as defined for Pearson Edexcel.
Definitions of Productivity
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Reference: Pearson Edexcel
Output per unit of input in a given time period, such as units produced per worker per hour.
Output per worker, which falls when low wages diminish workers' physical and human capital.
The output per unit of input, such as labour productivity.
Topics that use Productivity
- Circular flow of income, expenditure and output (Pearson Edexcel A-Level)
- Productivity (Pearson Edexcel A-Level)
- The impact of inequality on economic agents (Pearson Edexcel A-Level)
Related terms
- Competitiveness
- Aggregate demand
- Capital
- Capital-intensive production
- Economic agents
- Economies of scale
- Factors of production
- Human capital
Using Productivity in the exam
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