Production, productivity and efficiency

[@drmoezawaung]

i have been learning about labour costs. this is the best tutorial.

[@VVHFX]

Excellent explanation of the concepts.

[@after_bell]

👍 thanks!

[@JaiPHANGURHA]

Could you also mention external influences as a method to increase productivity? For instance, the government cutting income tax; this now provides an incentive for the already economically active to work harder, so they can bargain for higher wages, and therefore keep more of their incomes as disposable income. Or would this approach only be suited to A Level Econ?

[@ngoctampham6274]

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[@after_bell]

Try our quizzes and revision flashcards on this topic here: www.atbeducation.com/business/operations-management/production-productivity-and-efficiency

[@lethuy9953]

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