Economics GCSE
Total Factor Productivity
What Total Factor Productivity means in Economics GCSE, as defined for Pearson Edexcel.
Definition of Total Factor Productivity
The amount of output produced relative to all inputs combined (land, labour, capital, enterprise).
Topics that use Total Factor Productivity
- Productivity and division of labour (Pearson Edexcel GCSE)
Related terms
Using Total Factor Productivity in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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