Economic growth and productivity are directly related. The more productivity that there is in a nation, the more exponential that the economic growth will be.
Economic growth and productivity are directly related. The more productivity that there is in a nation, the more exponential that the economic growth will be.
because the better the productivity the better the nations economic growth.
Stagnation, stagflation, and under-productivity were contributors. No growth in wages and no productivity is a problem in economic development. Those in a nutshell are the large issues in such cases.
It helps increase productivity
Labor
Economic growth and productivity are directly related. The more productivity that there is in a nation, the more exponential that the economic growth will be.
because the better the productivity the better the nations economic growth.
Labour productivity is defined by the OECD to be "the ratio of a volume measure of output to a volume measure of input" OECD Manual: "Measuring Productivity; Measurement of Aggregate and Industry-Level Productivity Growth. Labour productivity is important to economic growth because without it no one would be working.
Stagnation, stagflation, and under-productivity were contributors. No growth in wages and no productivity is a problem in economic development. Those in a nutshell are the large issues in such cases.
It helps increase productivity
Labor
Brij Bhushan Lal has written: 'Industrial productivity and economic growth' -- subject(s): Labor productivity
The advantages of using GDP as a measure of productivity and economic health is that GDP is universal and can be used to measure an economy's growth or decline. The disadvantage of using GDP as a measure of productivity and economic health is that it does not effectively measure the quality of products.
Kehar Singh Sangha has written: 'Productivity and economic growth' -- subject(s): Economic development
the decline of economic growth and productivity throughout the Soviet Union
US productivity in manufacturing U.S. industrial power the growth of domestic consumerism
J. Bradford De Long has written: 'Cornucopia' -- subject(s): Cost and standard of living, Economic development, Economic history, History, Industrial productivity 'Productivity and machinery investment' -- subject(s): History, Industrial productivity, Machinery in the workplace, Statistics 'Macroeconomics' -- subject(s): Macroeconomics '\\' -- subject(s): German Banks and banking, Stock exchanges 'Equipment investment and economic growth' -- subject(s): Capital investments, Econometric models, Growth, Industrial productivity