Access to lifesaving medicine is very limited in parts of africa; as a result, over 10 percent of children do not reach the age of five. It would slow economic growth because worker health and labor productivity would grow more slowly.
Labor productivity measures the output of a country's economy computed on hourly basis. Especially, it charts the amount of real gross domestic product (GDP) produced by an hour of labor.
Growth in labor productivity depends on three main factors: saving and investment in physical capital, new technology, and human capital.
Labor productivity should always not to be confused with employee productivity, which is a measure of an individual worker's output.
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Diagnosis, intervention, and evaluation
The marginal propensity to save is equal to 0.3.
<h3>What is the
marginal propensity to save?</h3>
The marginal propensity to save is the proportion of a person's income that is saved as opposed to spending it on consumption.
The marginal propensity to save is the ratio of the amount saved to income. The marginal propensity to save is used to quantify the relationship between changes in savings and changes in income.
In economics, it is assumed that disposable income is either saved or consumed. Thus, the marginal propensity to save and the marginal propensity to consume would be equal to one. The marginal propensity to consume is the ratio of amount spent on consumption to income.
The marginal propensity to save = amount that is saved / income
$150 / $500 = 0.3
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Answer:
Quantitative judgments are mainly based on statistical analysis of acquired data, whereas subjective judgments are dependent on a variety of algorithms such as data kind and quality, influencing variables, hazard identification, and etc.
Consider qualitative aspects that may affect your decision to buy items from a third-party vendor. The supplier's dependability, the quality of its administration, and the grade of its commodities are instances of such criteria.
Answer: (1) The two factors relate to people's altitude to work which Herzberg named hygiene and motivating factors. (2) The hygiene is not important to one of these group of people than the other in terms of absence of achievement, Recognition of achievement,Responsibility, and self satisfaction. (3) The motivating factors motivate workers in a positive way to produce better work and greater cooperation,while hygiene factor relate directly to the work itself.
Explanation:
F. Herzberg two factor theory is based on the hygiene factors and motivating factors
The hygiene factors are the organizational policies and practices organization rules and related factors. It also includes the style of supervision and management controls of the organization. The scale of pay and related benefits such as sick pay, retirement pension and security. The hygiene factors also have to do with interpersonal and social relationships within the organization and the working conditions and the working environment in the organization. The motivating factors on the other hand, includes the achievement, the recognition of achievement, the responsibility and self satisfaction of the workers. The hygiene factors is not more important than the other in the sense that, it is not focused on the satisfaction derived from the work well done in the organization. It is also not based on the recognition given to the workers by his superior which add to the self esteem of such workers. It also not focused on the increased responsibility given to workers which will motivate such workers to greater effort. Above all, the hygiene factors is not based on actual or promised promotion given to workers in the performance of his duties.
There is a difference in the importance of motivators, the motivating factors have a positive and long lasting effect on the workers performance. While the hygiene factors relate directly to the work itself. In the sense that any improvement in the hygiene factor will have only a temporary effect on the workers.