Why Cavemen Lived in Poverty and We Don't

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  • Опубліковано 13 гру 2024

КОМЕНТАРІ • 3

  • @geosids7815
    @geosids7815 4 дні тому

    Why you are giving productivity a wrong definition usually you are to the point. Here guess you are trying to simplify things but productivity is not gdp per capita. It's a microeconomics variable and the p=f(k. L) the marginal product is the differential of the function

    • @EconomicsinManyLessons
      @EconomicsinManyLessons  3 дні тому

      The measure of productivity that I am using here is an average product concept. In micro, AP is the firm's output / L. For the macro economy, it is the nation's output / L.