Investing in capital goods can increase productivity and / or workforce. These can affect the Gross Domestic Product if quality or number of products increase consequently.
They are a kind of human capital and they are called that because, like machinery, they are long-duration inputs that affect the productivity of labour.
productivity is provide a measure to effective and efficient use resources
no
No, like all resources, supply and demand also affect how much a worker is paid.
Investing in capital goods can increase productivity and / or workforce. These can affect the Gross Domestic Product if quality or number of products increase consequently.
They are a kind of human capital and they are called that because, like machinery, they are long-duration inputs that affect the productivity of labour.
productivity is provide a measure to effective and efficient use resources
no
The result was higher capital equipment requirement per worker, vast improvements in labor productivity, and a decline in labor requirements.
Innovations in transportation and technology increased efficiency and productivity, leading to specialization in different industries and the creation of new job opportunities. It also led to the displacement of workers in certain industries as automation replaced manual labor. Overall, these innovations reshaped the work force by changing the nature of work and creating new skill requirements for workers.
they reduce it
No, like all resources, supply and demand also affect how much a worker is paid.
No, like all resources, supply and demand also affect how much a worker is paid.
No, like all resources, supply and demand also affect how much a worker is paid.
No, like all resources, supply and demand also affect how much a worker is paid.
We don’t have the innovations you were given so can’t provide an answer.