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Matrix Structures Tend to

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Matrix structures tend to


Definitions:

Labor Productivity

A measure of economic performance that compares the amount of goods and services produced (output) with the number of hours worked to produce those goods and services.

Economies Of Scale

Cost advantages that enterprises obtain due to their scale of operation, resulting in decreased costs per unit.

Technological Advance

Improvements in technology, leading to more efficient production processes, new product features, or entirely new products.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, typically measured by GDP.

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