The government acts as a promoter of free and competitive markets. This is not a key way the government contributes to a country's total factor productivity.
What is Total Factor Productivity (TFP)?
The total factor productivity (TFP) is a figure that illustrates a company's productivity by comparing how much it produces with how much it must spend to get that result. It is computed by dividing your total output (production) by average costs (inputs).
The efficiency and performance level of a corporation are determined using the total factor productivity. It makes an effort to determine how effectively the inputs have been translated into the output. In honor of American economist Robert Solow, the TFP is also referred to as the Solow residual.
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<span>The discount rate is the interest rate charged to commercial banks and other depository institutions on loans they receive from their regional Federal Reserve Bank's lending facility--the discount window. :)</span>
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That statement is false.
Often time, company's policy regarding refund is written in overly complicated manners so the company is protected from the potential legal attack by the consumers. So I guess this would make the informing effort became ineffective for the consumers.
