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It means an increase in the ability to produce more at a quicker rate.
Wiki User
∙ 12y ago
Anonymous
It means that more output is being produced without increasing the cost of producing it (input)
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How does the assembly line benefit the economy?
helped meet supply and demeand faster It increases productivity
What happens to productivity as rainfall increases?
Productivity decreases as rainfall increases. Marine life tend to be more productive when there is less rainfall in their ecosystem.
Why does Division of labor increases productivity?
specialization
How can improving quality can lead to reduced cost?
Improving quality, especially in production processes, leads to less rework, scrap and warranty issues. Higher productivity takes place as a result. Increases in quality help firms both increase sales and lower costs. Increases in customer service quality and customer response can lead to increases in sales, etc.
Why do many producers specialize?
because specialization increases productivity.
How does the assembly line benefit the economy?
helped meet supply and demeand faster It increases productivity
What happens to productivity as rainfall increases?
Productivity decreases as rainfall increases. Marine life tend to be more productive when there is less rainfall in their ecosystem.
Why does Division of labor increases productivity?
specialization
How can improving quality can lead to reduced cost?
Improving quality, especially in production processes, leads to less rework, scrap and warranty issues. Higher productivity takes place as a result. Increases in quality help firms both increase sales and lower costs. Increases in customer service quality and customer response can lead to increases in sales, etc.
Why do many producers specialize?
because specialization increases productivity.
What lead technological improvements?
increased productivity
What does technological improvements lead to?
Increased productivity
Technological improvements lead to what?
increased productivity
Technological improvements lead to?
increased productivity :)
What are the elements of productivity and how is it increased?
The elements of productivity include: * Physical capital:human made resources such as tools, buildings, machines * Human capital:labour force that possesses skills, education, training * Technology:the technical means for the production of goods and services. It is the most important driver of productivity according to some economists. It involves not only major inventions but thousands of small innovations. Productivity may be increased by increasing the physical capital, human capital or technology. Note that there is a term called Diminishing Returns to Physical Capital- which means successive increases in physical capital lead to smaller increases in productivity.
Does Work from home apportunity increases your productivity?
Everything is near you when you are at home.
What increases productivity by reducing the wasted motion of workers?
The essembaly line
