How does resource enhancement improve development, Business Economics

Assignment Help:

How does resource enhancement improve development?

Enhancements in the quantity and quality of resources increases productivity hence incomes. Enhanced management raises output from specified inputs:

• Production or output is the value of output (Q)

• Productivity or average product (AP) is output person which is output divided with number of employees AP= Q/L. Labour Productivity can be demonstrated as output per worker or output per hour worked.

Countries along with above average productivity have lower unit costs and a competitive benefit over countries along with low productivity.


Related Discussions:- How does resource enhancement improve development

Money and banking, First, explain the concepts of income, wealth and money ...

First, explain the concepts of income, wealth and money and show how each is related to the other. Next, explain the concept of the monetary base and indicate its economic signific

CORPORATE STRATEGY, WHAT STRATEGIES ARE SUGGESTED FROM THE CONVENTIONAL VIE...

WHAT STRATEGIES ARE SUGGESTED FROM THE CONVENTIONAL VIEW OF THE INDUSTRY LIFE CYCLE

#titl, interaction between the two market force, demand and supply

interaction between the two market force, demand and supply

Why are state approaches considered as unsuitable, Why are state approaches...

Why are state approaches occasionally considered as unsuitable for promoting development? Liberal economists’ argument government intervention really thwarts development. G

Assignment, Assignment on discounting principle

Assignment on discounting principle

Code 202, A businessman invested $ 4000.00 as his fixed cost in a new ventu...

A businessman invested $ 4000.00 as his fixed cost in a new venture that produces batteries. Each of these batteries cost $150.00 to manufacture and he sells each battery for $180.

Production possiblities curve, 1. Imagine that two countries, Richland and ...

1. Imagine that two countries, Richland and Poorland can produce just two goods, computers and coal. Assume that for a given amount of land and capital, the output of these two pro

Controlling the supply of money, This is concerned with any one of the foll...

This is concerned with any one of the following forms. controlling the supply of money controlling interest rates Rationing the amount of credit granted by banks

Acknowledge & report for the market for education, Task You work for a...

Task You work for a government of a European country that is considering making admission to museums of your country free to make them available to everybody. You have deci

Goods and servies, Make a list of businesses that provide goods and service...

Make a list of businesses that provide goods and services that you or your family members use in a typical week. For instance, do you stop at the service station on your way to sch

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd