Examlex
The weakness in Maslow's hierarchy of needs and Herzberg's theory is that, although each one explains how motivation is caused and sustained, neither specifies what motivates individuals.
Economist
A professional who studies economic theories, models, and principles to analyze how societies use resources and distribute goods and services.
Production Process
The series of steps involved in the creation of a product or service, from the input of raw materials to the final output.
Factors Of Production
The inputs used in the production of goods or services to make an economic profit, including land, labor, capital, and entrepreneurship.
Productivity
The measure of how efficiently goods and services are produced, often quantified as output per unit of input.
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