Productivity and Efficiency Analysis Assignment Help

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Bit about the matter

Productivity is the measurement of the efficiency in production. It is the ratio of input and output in the production process. When all inputs and outputs are measured in a production then it is termed as total productivity. Sometime single input is taken but often multiple inputs or factors are considered such as labors, capitals, etc. this is known as multi factors productivity. The total income of a production is measured to subtract the value of inputs from the value of outputs and it is the measure of efficiency of a production process. I believe students are little bit confused with all these economic terms and there uses but you can clear all your confusions with our productivity and efficiency analysis homework help.

Types of productivity

Several types of productivity can be defined in the economics:

  • National productivity measures the productivity of a nation or an industry. It is based on the time series of the System of National Accounts. National accounting system is recommended by United Nation to measure total production and total income of a nation.
  • Labor productivity measures output produce per employed person. It is the value of produced goods and services which are made in a specific time, divided by the hours used by the labors to manufacture that amount.
  • Multifactor productivity is the ratio of real value of output for a combine input of labors and capital in a specific time.

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The importance of the subject

The subject helps to develop various theories, several ways for measuring productivity and efficiency of various economic systems such as farms, banks, firms, industries and whole country.

  • Productivity is considered a key source of economic growth of a nation and  it provides basic statistical information for many international comparisons and activity assessments of a  country.
  • Labor productivity indicates several economic issues like important measure of economic growth, competitiveness and living standard within an economy. Not only that, it helps to explain the principal economic foundations which is most relevant for economic growth as well as social development of the country.
  • It also beneficial to the workforce for betterment of wages and condition, to shareholders and investors through profits and dividend distributions, to customer through a lower price and to government through increases of taxes.

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Challenges for doing the assignment 

The subject is consist of different economic theories and terms, banking terms and conditions, graphical designee of labors and capitals These are very complicated and varies  time to time  so it is really difficult to understand the subject properly hence, required special sills. So student often faced problem for doing assignments. But I will say, do not fear, myhomeworkhelp.com is there, with their productivity and efficiency analysis assignment help.

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