term 4 EMS study revision
0.0(0)
Studied by 0 people0.0(0)
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt PlayCard Sorting
1/7
There's no tags or description
Looks like no tags are added yet.
Study Analytics
Name | Mastery | Learn | Test | Matching | Spaced |
|---|
No study sessions yet.
8 Terms
1
New cards
What is productivity
The relation between the output and input
2
New cards
What is the output
The number of units of a product or service
3
New cards
What is the input
The amount of labor, capital and materal
4
New cards
What is this measured by
Time, labor and cost benchmarks
5
New cards
How do we measure time
The amount of minutes put in
6
New cards
How do we measure labor
The amount of work you put in
7
New cards
How do we measure the cost
The rands and cents needed to produce a specific number of units
8
New cards
How does this affect the economic growth
It describes how effectively inputs can be turned into outputs, increases in productivity lead to better growth, decreases in productivity mean more inputs need to be used
Note 
Flashcards (43)