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Recency planning focuses on:
Skilled Labor
Workers who have specialized training, education, or experience that is valuable for specific jobs, industries, or tasks.
Unskilled Labor
Workforce sector comprising individuals without specialized training or qualifications, often employed in tasks that require manual efforts.
Marginal Productivity
The additional output that is produced by employing one more unit of a factor of production, holding all other factors constant.
Marginal Revenue Product
The additional revenue generated by employing one more unit of a factor of production.
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