Question

What economic term describes the rate at which products are manufactured?

Answer 1

Answer:

Productivity

Explanation:

Productivity is the efficient use of factors that lead to the production of various goods and services such as resources, labor, capital, energy, materials, information and land.It is measured in terms of the rate of output per unit of input for example, When one achieves a higher output in terms of volume and quality from the same input it means that there is higher productivity.

Answer 2

The economic term to describe the rate at which products are manufactured is : Productivity

Productivity will affect the end price of the products. If the goods are easily produced , there will be most likely that the price will and more affordable

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