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That there is a strong relationship among health labor productivity and income levels Explain your answer.?
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Is there a relationship between health labor productivity and income levels?
There is a direct relationship between health, labor, productivity, and income levels. If a person is healthy they can work, be more productive, and therefore make more money.
Explain why economists argue that productivity is important?
The higher the productivity , the higher the living standard of the country. It also contributes in growth in output and income of the country.
Explain why there is such a close relationship between changes in a nation's rate of productivity growth and changes in its average real hourly wage?
How much an economy makes per hour is how much it receives per hour. Its income per hour is equal to its output per hour. So when productivity grows, so does how much the economy makes each hour. This causes income per hour, the average hourly wage, to rise.
Why is productivity growth important to countries?
The higher the productivity , the higher the living standard of the country. It also contributes in growth in output and income of the country.
Explain the importance of national income?
importance of national income.
Is there a relationship between health labor productivity and income levels?
There is a direct relationship between health, labor, productivity, and income levels. If a person is healthy they can work, be more productive, and therefore make more money.
Explain why economists argue that productivity is important?
The higher the productivity , the higher the living standard of the country. It also contributes in growth in output and income of the country.
Explain why there is such a close relationship between changes in a nation's rate of productivity growth and changes in its average real hourly wage?
How much an economy makes per hour is how much it receives per hour. Its income per hour is equal to its output per hour. So when productivity grows, so does how much the economy makes each hour. This causes income per hour, the average hourly wage, to rise.
Is there a relationship between low income and health?
Obviously, there is a close relationship between low income and health. With having low income, your life style will be quite different from those of higher income strata. With low income you will be forced to pay lesser attention to health of self and your family members. This in turn will be evident in your escalated medical expenses. In a family with low income of a developing country, children and pregnant women suffers from malnutrition,which is reflected in their over all health.
What has the author R V Dadibhavi written?
R. V. Dadibhavi has written: 'Income, productivity, and industrial structure' -- subject- s -: Agricultural productivity, Economic conditions, Income, Industrial productivity
Factors which determine country's standard of living?
Key factors that determine a country's standard of living include its level of economic development, income distribution among the population, access to education and healthcare, quality of infrastructure, political stability, and social welfare programs. These factors influence the overall well-being and quality of life for citizens in a particular country.
Why is productivity growth important to countries?
The higher the productivity , the higher the living standard of the country. It also contributes in growth in output and income of the country.
Explain the importance of national income?
importance of national income.
Why there is such a close relationship between changes in a nation's rate of productivity growth and changes in its average real hourly wage?
How much an economy makes per hour is how much it receives per hour. Its income per hour is equal to its output per hour. So when productivity grows, so does how much the economy makes each hour. This causes income per hour, the average hourly wage, to rise.
What is the relationship between income and health?
People who have a higher income generally have better health than those who live in poverty. The reason for this is that people with more money have more access to quality medical care and can afford healthier food.
Is health insurance benefits earned income?
No health insurance benefits would not be a part of your earned income.
The importance of productivity in business?
Productivity is about how well an organisation converts resource inputs into goods or services. Workplace productivity is about how firms can utilise labour and skills, innovation, technology and organisational structure to improve the quantity and quality of their output. Basically it's about exploring all the ways that can make a working environment more efficient. Why is productivity important? • Basis for improvements in real incomes and economic well-being. • Monetary policy (inflationary pressures) • Fiscal policy (financing of health, education, welfare) • Slow productivity growth = conflicting demands for distribution of income more likely
