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ISSN: 3049-7159 | Open Access

Journal of Business and Econometrics Studies

Volume : 2 Issue : 6

On the Natural Economic Integral Indicator of Labor Productivity

Mykhailo Govorukha

ABSTRACT
The article presents the idea of a natural economic integral indicator of labor productivity in countries where a bioenergy measure of the cost of goods and services will be introduced. The essence of this indicator is that each year the cost of 1 kg of gross harvest of biological energy (food) is determined, represented in the calorie content of the national grain crop of a particular country. This annual indicator illustrates the growth or decline in the “displacement” of edible energy by “inedible” energy from the production of goods and services. In other words, it becomes obvious to all its citizens that the cost is decreasing or vice versa.

Therefore, the prices of goods should also change accordingly. It is clear that the cost of goods can decrease to certain asymptotic conditions.

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