Bungadee Bungadee
  • 26-01-2016
  • Business
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what economic term describes the rate at which products are manufactured

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taskmasters
taskmasters taskmasters
  • 27-01-2016
The economic term that describes the rate at which products are manufactured is known to as the productivity. It is where you can measure the average measurement of how the product is being effective, meaning, its effectiveness in the market. The effectivity of the measurement can be affected by the inputs such as labor and capital to get an output which can be measured by money or revenues. If you earn more revenue than what you have inputted, then it means that you have productivity gain.
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