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Price of Capital
The cost of using capital goods for production, which can include interest rates, leasing costs, or other expenses related to capital utilization.
Productivity of Labor
The measurement of the amount of goods and services produced per hour of labor.
Technological Improvement
Innovations and advancements in technology that enhance productivity, efficiency, or the quality of goods and services.
Wage Increase
An upward adjustment in the amount of money paid to an employee for their labor.
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