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Trade increases productivity by allowing countries to specialize in the production of goods and services in which they have a comparative advantage, leading to more efficient resource allocation. This specialization enhances innovation and competition, driving improvements in technology and processes. Additionally, access to larger markets through trade enables economies of scale, further reducing costs and increasing output. Overall, trade fosters an environment where productivity can thrive.
What else can I help you with?
International trade and specialization most often led to what?
an increase in a nation's productivity
How can a trade deficit actually increase of productivity of an economy?
by importing investment goods used for capital deepening
How can a trade deficit actually increase the productivity of an economy?
by importing investment goods used for capital deepening
How can trade deficit annually increase the productivity of an economy?
by importing investment goods used for capital deepening
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.
International trade and specialization most often led to what?
an increase in a nation's productivity
How can a trade deficit actually increase the productivity of an economy?
by importing investment goods used for capital deepening
How can a trade deficit actually increase of productivity of an economy?
by importing investment goods used for capital deepening
How can trade deficit annually increase the productivity of an economy?
by importing investment goods used for capital deepening
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
Productivity of trade union?
wt is trade union produtivity? wt is trade union produtivity?
What is the benefit of greater organization?
Increase in productivity
How can incentives increase worker productivity?
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