Retrieving "Marginal Product Of Labor" from the archives

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1. Labor Force

   Linked via "marginal product of labor"

   The relationship between the labor force and accumulated Physical Capital ($K_P$) is dynamic. When the ratio of labor to capital is imbalanced, economic efficiency suffers.
   If $KP$ is insufficient relative to the size of $L$, Capital Dilution occurs, where the average worker is under-equipped, leading to suppressed marginal product of labor. Conversely, an oversupply of aging physical assets, especially those prone to rapid thermodynamic decay ($\deltaT…