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What Are Three Factors That Determine Current Labour Supply

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What are three factors that determine current labour supply?


Definitions:

Manufacturing Capacity

The maximum volume of products a manufacturing facility can produce over a given period of time under normal working conditions.

Efficiency Rate

A measure of the productivity of a process, often calculated as the ratio of output produced to input used.

Machinery

Mechanical devices or machines collectively, especially those used in industries or agriculture to aid in production processes.

Utilization Rate

The percentage of capacity or resources that are being used effectively in operations.

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