Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (6829)	8/7/2001 9:50:15 AM
From: PMG	Read Replies (1) \| Respond to of 74559

you simply count everything! 1000l of beer, 100 PCs, 12 apples =1112 units <g> still makes sense if you want to measure relative differences. Say the Bavarians drink 5% of their output so that it never shows up and they also need more time as they show thus a more "relaxed" work style. So they would be less productive than sober brewers...<g> If you do not only count the numbers but also value you measure something that would be literally translated have the name "marginal factor value productivity of work". It's in my industrial economics book but I do not have time right now to re-read it... with that figure you can decide whether it is more efficient to use machinary, labor, capital etc. if the aim is rentability....