GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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14:21 Aug 26, 2016 |
Polish to English translations [PRO] Bus/Financial - Economics | |||||
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| Selected response from: Frank Szmulowicz, Ph. D. United States Local time: 07:48 | ||||
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Summary of answers provided | ||||
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3 +3 | input |
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input Explanation: For example, "labor input." -------------------------------------------------- Note added at 8 mins (2016-08-26 14:30:09 GMT) -------------------------------------------------- The BLS constructs total input from quantity measures for capital, labor, energy, materials, and services. This breakdown is more detailed than what is found in many industry productivity studies that typically distinguish only three inputs: capital, labor, and materials (a combination of energy, materials, and services). The BLS capital input measurement methods are similar to what we have used in our studies and are based on a rigorous theory of capital. The labor input measure is based on the number of workhours. https://prodnet.www.neca.org/publicationsdocs/wwpdf/62916chr... -------------------------------------------------- Note added at 17 mins (2016-08-26 14:38:51 GMT) -------------------------------------------------- The difference between rates of adaptation in the two periods is somewhat smaller, when examining the labor input (the total of weekly workhours), which decreased by about 18 percent as compared to the peak level of 1973 (9), and some 14 percent, as compared to 1974 (9), a fact that relfects the decrease of work hours per Israeli employee .http://www.boi.org.il/en/NewsAndPublications/RegularPublicat... ccccccccccccccc Labor input is measured by workhours expended or by labor dollars spent. https://issuu.com/hashim1982/docs/skills_and_knowledge_of_co... cccccccccccccccccccccccccccccccccccccccccccccccccccccc capital input -- A measure of the flow of services available for production from the stock of capital goods. Growth in the capital input differs from growth in the capital stock because different types of capital goods (such as equipment, structures, inventories, or land) contribute differently to production. http://www.teachmefinance.com/Financial_Terms/Capital_Input.... ccccccccc Productivity measurement involves comparing trends in output with trends in inputs. The microeconomic theory of the firm uses a "production function" to formally describe the relationship between inputs and output. In its simplest form1 , a production function treats inputs as if they are consumed in the production of outputs. Capital is, of course, one type of input. However, capital goods do not neatly conform with the simple production model. Among other things, they are not consumed in production.2 Nonetheless, capital goods must specifically be deployed in production for a period of time in order to render services. A measure of capital input which would be consistent with theory is therefore the quantity of the flow of services provided by capital goods. https://www.oecd.org/std/na/2666894.pdf |
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