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3 February, 10:20

The ratio of all resources to the goods and services produced is referred as

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  1. 3 February, 10:40
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    Multifactor productivity is the ratio of all resources to the goods and services produced. It is also known as total factor productivity and is a measure of economic performance that compares the amount of goods and services produced to the amount of combined inputs used to produce those goods and services. The inputs may include labor, capital, energy, materials, and purchased services.
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