Factor productivity

Factor productivity

1. The productivity of a single factor may refer to either its marginal or its average product. 2. Total factor productivity.

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Part of Speech: noun
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Industry/Domain: Economy
Category: International economics
Company: University of Michigan
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factor productivity

Economy; International economics

1. The productivity of a single factor may refer to either its marginal or its average product. 2. Total factor productivity.

total factor productivity

Economy; International economics

A measure of the output of an industry or economy relative to the size of all of its primary factor inputs. The term, and its acronym TFP, often refers to the growth of this ...

total factor productivity analysis

Economy; Economics

The analysis of the relationship between output and the aggregate of all inputs; total factor productivity growth is calculated as the difference between the rate of growth of ...

total factor productivity

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The productivity of all inputs taken together.

partial factor productivity (PFP)

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The average productivity of a single factor, measured by grain output divided by the quantity of the factor applied. This measure is sometimes referred to as input use efficiency.

productivity

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A measure of scheduling efficiency.

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