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It indicates the efficient use of your company's force. Most of the time it is a good sign, because when productivity raises demand raises as well. So there is a lot of demand for your service/product. When you produce more (output is bigger) you may experience internal / external economies of scale. Costs get lower; revenue increases. As a result TP (total profit) (has) increases(d) as well.
What else can I help you with?
What is productivity deal?
A productivity deal is an agreement between an employer and employee. In this agreement, the employer commits to increase the pay rate with increase in productivity.
What is an increase in productivity?
An increase in productivity is when a person does something at a faster pace, and they get more done the faster they go.
What is the relationship between wages and productivity as shown on the graph?
The graph shows that there is a positive relationship between wages and productivity. This means that as wages increase, productivity also tends to increase.
How do you increase labor productivity?
You increase labor productivity through allowing incentives as bonus and medical care as well as percentage of the profit.
Do machines increase or decrease work?
they increase productivity but decrease jobs
What is the benefit of greater organization?
Increase in productivity
How can incentives increase worker productivity?
i see you!!
How does technology affect productivity in an economy?
Usually, new technology will increase productivity in the economy. For example, if you replace a human in a factory with a robot that can work twice as quickly without breaks, productivity would increase.
How do you INCREASE Productivities?
You can use the modern technology and fertilizers to increase productivity in plants.
Did power tools increase productivity?
Yes, power tools especially increased productivity in home-building.
How did the John Deere invention increase productivity?
industry
How do you increase productivity on power tools?
You use them efficiently.
