Reflection of Labour Efficiency (Labour Productivity) within Rates of Return
Constantin Căruntu and
Annals of the University of Petrosani, Economics, 2007, vol. 7, 59-64
Within the modern economy, the role of labour acquires primary coordinates, so that the most general and synthetical marker which characterizes the company's efficiency should be measured by labour productivity. The most important role among the multitude of productivity expressions is hold by labour productivity, due to the priority role of labour resource within the range of production factors. The reflection of labour efficiency within rates of return characterizes clearly describes the expression of usage and combination of production factors and of modalities to obtain maximum efficiency.
Keywords: productivity; commercial rate of return; physical efficiency; labour (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:pet:annals:v:7:y:2006:p:59-64
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