Productivity, Obsolescence, and Capital Efficiency

Capital productivity, labor productivity, obsolescence, economic depreciation, marginal product, and capital-efficiency terms.

Productivity, Obsolescence, and Capital Efficiency explains how economists measure output relative to labor and capital, how productive assets supply services, and how depreciation or obsolescence changes their value and useful life.

Use Capital Productivity and Investment Efficiency for capital services, capital deepening, user cost, and returns to an additional unit of capital. These concepts connect investment and asset stocks with the productive input available during a period.

Use Productivity, Depreciation, and Obsolescence for labor productivity, total factor productivity, growth accounting, economic depreciation, and obsolescence risk.

Keep the measurement boundaries clear. A capital stock is not the same as its service flow, labor productivity is not worker effort, total factor productivity is not pure technology, and economic depreciation is not automatically equal to company-reported depreciation.

In this section

Choose a subsection first. Deeper term pages live inside each subsection, which keeps large topic hubs readable.

Capital Productivity

Economics terms for capital productivity, capital intensity, marginal product of capital, and marginal efficiency of investment.

Productivity and Obsolescence

Productivity measures and asset-value concepts covering labor and total factor productivity, growth accounting, economic depreciation, and obsolescence risk.

Browse Economics