Three Types of Productivity Measures Are ________, ________, and ________

question 52

Short Answer

Three types of productivity measures are ________, ________, and ________.

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Definitions:

Competitive Markets

Markets characterized by numerous buyers and sellers such that no single participant has the market power to influence the prices of products or services.

Supply of Labor

The total number of potential workers available to perform work in an economy, determined by factors like demographics, labor market conditions, and immigration policies.

Unions

Organizations that represent the collective interests of workers, bargaining with employers on their behalf for better wages, working conditions, and benefits.

NLRA

The National Labor Relations Act, a foundational statute in United States labor law that protects employees' rights to organize and to bargain collectively with their employers.