Productivity and Costs
Definition of 'Productivity and Costs'
Productivity and Costs measure two factors:
- Productivity: The growth of labor efficiency in producing the economy's goods and services.
- Costs: Unit labor costs show the costs of producing each unit of output.
Check the Economic Events Calendar to see if this or other announcements are taking place in the next 5 days.
Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 25 bonus reputation points for each definition that is accepted.
Is this definition wrong? Let us know by posting to the forum and we will correct it.