Which of the following contributes to an increase in labor productivity?

Question

Quizplus · Accepted Answer

An increase in human capital, physical capital, and technological advances can all contribute to an increase in labor productivity. Human capital refers to the knowledge, skills, and abilities of workers, and investing in training and education can improve their productivity. Physical capital refers to equipment, machinery, and other tools used in production, and having better or more efficient equipment can increase productivity. Technological advances can include new software, automation, or other innovations that can streamline processes and make workers more effective. Therefore, all three factors can contribute to an increase in labor productivity.

Which of the Following Contributes to an Increase in Labor