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Reflection of Labour Efficiency (Labour Productivity) within Rates of Return

Author

Listed:
  • Constantin Căruntu

    ("Constantin Brâncuşi" University of Tg.-Jiu, Romania)

  • Loredana Mihaela Lăpăduşi

    ("Constantin Brâncuşi" University of Tg.-Jiu, Romania)

Abstract

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.

Suggested Citation

  • Constantin Căruntu & Loredana Mihaela Lăpăduşi, 2007. "Reflection of Labour Efficiency (Labour Productivity) within Rates of Return," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 7, pages 59-64.
    • Handle: RePEc:pet:annals:v:7:y:2006:p:59-64
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