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Productivity and the Production of Profits

In: The Economics of the Modern Construction Sector

Author

Listed:
  • Graham J. Ive

    (University College London)

  • Stephen L. Gruneberg

    (University College London)

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.

Suggested Citation

  • Graham J. Ive & Stephen L. Gruneberg, 2000. "Productivity and the Production of Profits," Palgrave Macmillan Books, in: The Economics of the Modern Construction Sector, chapter 3, pages 61-78, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-51091-3_3
    DOI: 10.1057/9780230510913_3
    as

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