Examlex
The second step in the hierarchy of effects model is
Industries
Sectors of the economy that are categorized based on their primary business activities, such as technology, manufacturing, and services.
Labor To Capital Ratio
The ratio measuring the relative amounts of labor and capital used in the production process.
Labor Productivity
The measurement of economic growth within a country, which represents the amount of goods and services produced by one hour of labor.
Increases
A term denoting a rise or growth in quantity, size, intensity, or level of something.
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