Economists are interested in the relation-Economists ship between inputs and outputs for many reasons, and lots of economists investigate the volume (or the value) of outputs generated by a given number of workers. Some economists investigate the enhancing effect of various contributory factors on output per worker at the national or transnational level. Much of this literature stresses the importance of differences in the level and cumulative amounts of public and private investments in physical capital over time.
Even more literature emphasises the importance of asymmetries in the aggregate, national quantity and, more importantly, quality of labour associated with education, but also associated with health. Analyses at this level are often focused on the comparative advantage of nations. But as formulated policy is appropriately nationwide, much of this type of analysis has limited relevance for shaping specific firm’s strategies.
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