I give the crown! To argue if and why productivity and cost of production in production decorators.
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Productivity is the indicator that measures labor efficiency in producing goods and services in the U.S. economy. Costs is the indicator that measures the unit labor costs of producing each unit of output in the U.S. economy.
Higher productivity can lead to: Lower unit costs: These cost savings might be passed onto consumers in lower prices, encouraging higher demand, more output and an increase in employment. ... Economic growth: If an economy can raise the rate of growth of productivity then the trend growth of national output can pick up.
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