GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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12:07 Sep 26, 2008 |
German to English translations [PRO] Bus/Financial - Economics / macroeconomic theory | |||||||
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| Selected response from: Jana Zajicova Czech Republic | ||||||
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Summary of answers provided | ||||
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3 | contribution/services of production factors |
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1 +1 | factor productivity |
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factor productivity Explanation: From the term Total Factor Productivity - it fits but you need to check this is what is meant. |
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contribution/services of production factors Explanation: The sentence says that consumption will be lower than income earned by factors of production (labor, capital, land), and the difference will be the amount of savings. (Keynesian theory in a nutshell: the economy produces X but people save Y so they only have (X-Y) to purchase the produced goods, some of which remain unsold; producers produce less in the subsequent period and a downward spiral sets in) http://en.wikipedia.org/wiki/Factors_of_production |
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