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Labor To Capital Ratio
The ratio measuring the relative amounts of labor and capital used in the production process.
Labor Productivity
The measurement of economic growth within a country, which represents the amount of goods and services produced by one hour of labor.
Increases
A term denoting a rise or growth in quantity, size, intensity, or level of something.
Industrial Policy
Governmental strategies aimed at encouraging development and growth in the industrial sector of an economy through a mix of policies including subsidies, tax incentives, and investments in infrastructure and innovation.
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