Effective Labor <Back to Last Page>     <Full Glossary>

Definition of Effective Labor: In the context of a Solow model, if labor time is denoted L and labor's effectiveness, or knowledge, is A, then by effective labor we mean AL. In general means 'efficiency units' of labor or 'productive effort' as opposed to time spent. (Econterms)

Terms related to Effective Labor:

• Solow model

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