ahannah261 ahannah261
  • 17-08-2020
  • Social Studies
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How did factories contribute to increased labor productivity

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minecraftwar
minecraftwar minecraftwar
  • 17-08-2020

Answer:

Firms use some combination of labor and capital to produce output. ... In order to increase productivity, each worker must be able to produce more output. This is referred to as labor productivity growth. The only way for this to occur is through an in increase in the capital utilized in the production process.

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