Examlex
You are working diligently in the chemistry laboratory when suddenly a small explosion occurs in the rear of the room, immediately and automatically capturing your attention. This is an example of
Labor Deepening
An increase in the investment made in the education and training of the workforce, leading to a more skilled labor force.
Education Level
A measurement of the highest degree of schooling or training a person has completed.
Capital-labor Ratio
A ratio that measures the amount of capital available per unit of labor in the production process.
Labor Productivity
The measure of economic performance that indicates the amount of goods and services produced by one hour of labor.
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