Economics A-Level
Productivity
What Productivity means in Economics A-Level, as defined for AQA.
Definitions of Productivity
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Reference: AQA
Improved productivity means more output is produced per unit of input, effectively lowering unit production costs and shifting the SRAS curve to the right.
Improved labour productivity, alongside technological progress and capital accumulation, is a key supply-side determinant of long-run growth.
The rate of output per unit of input, such as labour productivity, measuring the output produced per unit of input.
A rate of output per unit of input, specifically highlighting labour and capital productivity.
More output per worker, which directly expands capacity.
Topics that use Productivity
- Costs of production (AQA A-Level)
- Determinants of long-run aggregate supply (AQA A-Level)
- Determinants of short-run aggregate supply (AQA A-Level)
- Economic growth and the economic cycle (AQA A-Level)
- Technological change (AQA A-Level)
Related terms
- Spare capacity
- Aggregate demand
- Aggregate supply
- Asset price bubbles
- Banking system
- Barriers to entry
- Capital accumulation
- Classical long-run aggregate supply (LRAS) curve
Using Productivity in the exam
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