Examlex
_____ refers to the economic value of the knowledge, experience, skills, and capabilities of employees.
Margin
The difference between the cost of a product and its selling price, or the difference between any two indicators in finance.
Productivity
A measure of the efficiency of production, often quantified as the ratio of inputs to outputs in the creation of goods and services.
Economic Analysis
The systematic approach to determining the most efficient use of resources, which includes researching, analyzing, and applying economic theories and practices.
Marginal Physical Product
The additional output produced by employing one more unit of a specific factor of production, keeping other factors constant.
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