What is the definition of productivity in the economic process? I - It is an indicator of the performance or efficiency of the production factor i...
What is the definition of productivity in the economic process?
I - It is an indicator of the performance or efficiency of the production factor in a given period.
II - It results from relating the contribution of the productive factor to the volume of production.
Only statement I is correct.
Only statement II is correct.
Both statements are correct.
Both statements are incorrect.
I - It is an indicator of the performance or efficiency of the production factor in a given period.
II - It results from relating the contribution of the productive factor to the volume of production.
Only statement I is correct.
Only statement II is correct.
Both statements are correct.
Both statements are incorrect.
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