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Unformatted text preview: a more “real” idea of the productivity of the company With decreased employment there is more VA, as firms cut the costs by employing less people. 1- as defined at: http://www.nationmaster.com/graph/ind_man_val_add_ann_gro-manufacturing-value-added-annual-growth Labour takes about 60 to 70 percent of a companies costs. If this cost is reduced then the company will increase its VA. VA= Employment Value added sustains employments....
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This note was uploaded on 03/28/2011 for the course MN 1015 taught by Professor Evangelos during the Spring '08 term at Royal Holloway.
- Spring '08