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Productivity
The efficiency of production, measured as the ratio of output to inputs used in the production process.
Marginal Product
Marginal Product refers to the additional output generated by employing one more unit of a particular input, holding all other inputs constant.
Bricklayers
Skilled tradespeople who lay bricks, concrete blocks, stone, and other masonry materials to construct or repair walls, foundations, partitions, and other structures.
Efficiency Wage
A theory suggesting that paying workers a higher wage than the market equilibrium wage can lead to increased productivity and efficiency.
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