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The Owner of a Firm Wants Some Advice on How

question 63

Essay

The owner of a firm wants some advice on how to increase productivity.Suggest three ways the entrepreneur could increase labor productivity through improving technology.


Definitions:

Labor Supply

The total hours that workers are willing and able to work at a given wage rate, in a certain period.

Supplemental Nutrition

Programs or interventions designed to provide additional nutritional support, especially to vulnerable groups such as children, the elderly, or low-income families.

Capital Gains Tax

A tax levied on the profit received from selling a capital asset such as stocks, bonds, or real estate.

Earned Income Tax Credit

A refundable tax credit for low to moderate-income working individuals and families, primarily to benefit those with children.

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