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what economic term describes the rate at which products are manufactured

what economic term describes the rate at which products are manufac...

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what economic term describes the rate at which products are manufactured

what economic term describes the rate at which products are manufactured

Answer

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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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 22 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 134 views.

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