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On one hand, input factors cannot be studied while isolated by themselves. Productivity improvement in one aspect is generally at the cost of the other. Also, labor as an input factor is present in all phases. On the other hand, managerial resource (another important input factor) is not counted in such measures. Inflation may have a negative effect on capital accumulation. The opposite could also be true. In periods of fast outputs and real income growth, it is easier for monetary authorities to impose anti-inflationary rules. So far, the economists are not yet clear on any stable relations between inflation and either capital formation and technological change. Some writers put in some qualitative indicators which create problems, although the rest confine the discussion of productivity to simple O/I (output and input) factors. Some of the productivity measurement techniques are the following. Mundel (1989) Mundel created a computer software package that evaluates productivity. You need to be productive so you could accomplish many tasks that pertains to your children and to your hobbies. You might also have home-based earning activities for extra income. Organizing the home could be tedious. It could entail becoming meticulous. The home should be maintained and properly kept for coziness and productivity. Getting started Although self-assessment, for other people, can be a good start in building a positive attitude and outlook in life, this might not be applicable to all people especially to those who prefer to do things on their own. If you are one of these people who would rather do things on his or her own, then now is the time to realize how big self-assessment can contribute to your being productive. For example, if a worker produces an output of 2 units in an hour (with a price of $10 each), his productivity is $20. Both technological and market elements (output quantities and prices, respectively) interact with one another to determine economic productivity. Calculations One gets the average economic productivity by dividing output value and (time or physical) units of input.
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