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Productivity, the concept, its measurement and a literature review



Productivity, the concept, its measurement and a literature review



Productivity, the concept, its measurement and a literature review: 37



The relative merits of expanding or contracting various sectors of the economy are often based on productivity measures but sometimes without regard to the precise meanings or implications of these measures. This is serious since the concept of productivity lies at the very heart of economics, a subject which is, after all, concerned with the allocation of resources and the maximization of goals relative to means.

Accession: 000170978

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