CONSIDERATIONS REGARDING DIFFERENT APPROACHES TO MEASURING LABOR PRODUCTIVITY Cover Image

CONSIDERATIONS REGARDING DIFFERENT APPROACHES TO MEASURING LABOR PRODUCTIVITY
CONSIDERATIONS REGARDING DIFFERENT APPROACHES TO MEASURING LABOR PRODUCTIVITY

Author(s): Maria Constantinescu
Subject(s): Economy
Published by: Regional Department of Defense Resources Management Studies
Keywords: input; output; factors of production; productivity

Summary/Abstract: Assessing the productivity of factors of production has been a key issue for economists for many decades, as the development and well-being of a govenrment sector, industry or company have been very early on linked to the way in which inputs are used in order to produce outputs. In this respect, the main aim is to use the available (and often scarce) resources (human, material, capital, information etc) in the most efficient and effective manner as to generate the most output; in othr words, to optimize te use of resources in order to produce the desired results.

  • Issue Year: 2/2011
  • Issue No: 1
  • Page Range: 119-124
  • Page Count: 6
  • Language: English
Toggle Accessibility Mode