Examlex
Labor productivity is measured as total labor-hours divided by total output.
Labor productivity is measured as total output divided by total labor-hours.
Small Businesses
Enterprises that operate on a smaller scale compared to larger corporations, often characterized by limited revenue, personnel, and operations.
Employ
To hire or use the services of individuals as workers in exchange for compensation.
Start-Up
A new venture that is trying to discover a profitable business model for future success.
New Venture
An entrepreneurial endeavor that entails the creation and establishment of a new business or enterprise.
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