Examlex
Research finds that the majority of workplace learning is informal.
Correlation
A statistical measure that indicates the extent to which two or more variables fluctuate in relation to each other.
Labor Productivity
Output per unit of labor; measured as real GDP divided by the hours of labor employed to produce that output.
Production Possibilities Frontier (PPF)
A curve showing alternative combinations of goods that can be produced when available resources are used efficiently; a boundary line between inefficient and unattainable combinations.
Output Combination
An output combination refers to the mixture of different goods and/or services produced by an economy or firm within a certain period, highlighting the diversity in production.
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