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Productivity and the Production of Profits

Graham J. Ive and Stephen L. Gruneberg
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Graham J. Ive: University College London
Stephen L. Gruneberg: University College London

Chapter 3 in The Economics of the Modern Construction Sector, 2000, pp 61-78 from Palgrave Macmillan

Abstract: Abstract In Chapter 2 labour relations in construction were discussed. Here we discuss the process of using employed labour to make profits. This is achieved through the productivity of labour and this will be considered at both the level of the firm and the industry. The productivity of labour will be seen to depend of the amount of plant and equipment used as well as the technology embodied in that equipment, but also upon a wide range of other variables.

Keywords: Labour Productivity; Construction Industry; Marginal Product; Labour Force Survey; Unit Labour Cost (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51091-3_3

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DOI: 10.1057/9780230510913_3

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