Examlex
List the four determinants of an economy's productivity.
Human-capital Investment
The process of acquiring and enhancing an individual's skills and knowledge, which increases potential productivity and earnings.
Discrimination
Unfair treatment of individuals based on characteristics such as race, gender, or age, rather than merit or performance.
Wage Differentials
The variation in wage rates due to factors such as occupation, industry, location, or the skills and experience of workers.
Labor-market Discrimination
The unfair treatment of workers based on characteristics such as race, gender, age, or religion, rather than job qualifications or performance.
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