(no subject)

"technology is the sum total of what we know about how to use labor and capital ouput. also often refered to as productivity.
25-30% of improvement in productivity comes from new [business] machinery. the rest comes from better business organization and management ( US data).

y=f(N,K,A)=A*K^x*N^1-x ( Duglas production function).

nb: technology influence on income per worker. Y/N

http://webcast.berkeley.edu/courses/stream.php?type=real&webcastid=17258