Examlex
What does the total quality approach do?
GDP
Gross Domestic Product, a measure of the economic performance of a country, calculated as the total value of all goods and services produced within its borders in a specific time period.
Labor Productivity Growth
The increase in the amount of goods and services produced by one unit of labor, often measured over a specific period.
Productivity Growth
Refers to the increase in the output of goods and services per unit of input, which can be attributed to advancements in technology, skill levels, and efficiencies.
Computers
Electronic devices designed to manipulate data according to a set of instructions, capable of performing a wide range of tasks.
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