10 Results for Tag: productivity

Key Employee

DefinitionKey employee, in U.S. Internal Revenue Service terminology, is an employee classification used when determining if company-sponsored qualified retirement plans, including 401 defin

Key Performance Indicators (KPI)

Key Performance Indicators (KPI) What are 'Key Performance Indicators - KPI' Key performance indicators (KPI) are a set of quantifiable measures that a company uses to gauge its performanc

Import Substitution Industrialization – ISI

DefinitionImport substitution industrialization is a trade and economic policy which advocates replacing foreign imports with domestic production. ISI is based on the premise that a country


Man-Year What is 'Man-Year' A method of describing the amount of work done by an individual throughout the entire year. The man-year takes the amount of hours worked by an individual durin


DefinitionAbsenteeism is a habitual pattern of absence from a duty or obligation without good reason. Generally, absenteeism is unplanned absences. Absenteeism has been viewed as an indicato

Law of Diminishing Marginal Returns

DefinitionIn economics, diminishing returns is the decrease in the marginal output of a production process as the amount of a single factor of production is incrementally increased, while th

John Bates Clark

DefinitionJohn Bates Clark was an American neoclassical economist. He was one of the pioneers of the marginalist revolution and opponent to the Institutionalist school of economics, and spen


Laggard What is 'Laggard' A stock or security that is underperforming. A laggard will have lower-than-average returns compared to the market. A laggard is the opposite of a leader. Expla

Learning Curve

Learning Curve What is the 'Learning Curve' A learning curve is a concept that graphically depicts the relationship between cost and output over a defined period of time, normally to repre

Labor Productivity

Labor Productivity What is 'Labor Productivity' Labor productivity is a measure of economic growth within a country. Labor productivity measures the amount of goods and services produced b