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Why Might a Partial Productivity Measure Be Preferred to the More

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Why might a partial productivity measure be preferred to the more comprehensive total factor measure of productivity?


Definitions:

Capitalism

A system where the production means are privately owned and goods or services are produced for profit.

Manufacturing

The process of using raw materials, labor, and machinery to produce goods on a large scale for consumption or further use in other industries.

Service Sectors

The segment of the economy that involves providing services rather than producing goods, including industries like healthcare, education, and finance.

Zuboff

Shoshana Zuboff, a scholar known for her work on the implications of digital technology for society, including concepts such as surveillance capitalism.

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