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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.
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How does the Government encourage an increased level of productivity by doing what?
How does the government encourage an increased level of productivity
When capital is increased why does productivity rise?
This is because this gives more money to the company ,thus leading to increase in productivity. Increased capital will help you buying better machinary that produces faster with better qualit. Increased capital can let you hire more employees thus increasing productivity. Increased capital even may let you enter a new market .
What causes the increased in popularity of productivity bargainig?
800 Canadian pesos
Why is it important for a Business to consider productivity a well as costs?
It is crucial for a business to consider both productivity and costs because they are intertwined factors that impact overall performance and profitability. High productivity can lead to increased output and efficiency, potentially offsetting higher costs and improving margins. Focusing solely on costs may result in reduced quality or employee morale, which can negatively affect productivity. Balancing both elements ensures sustainable growth and a competitive advantage in the market.
What is credited with gains in industrial productivity increased standards of living and affordable products?
internet
How does the Government encourage an increased level of productivity by doing what?
How does the government encourage an increased level of productivity
What describes the relationship between human capital and productivity?
Increased human capital leads to increased productivity.
Why do government around the world care about education?
Educated people are more efficient. Increased efficiency means increased productivity. Increased productivity means increased revenue...who doesn't want more money.
Technological improvements lead to?
increased productivity :)
What can be increased by an improvement in management techniques?
productivity
Technological improvements lead to what?
increased productivity
What lead technological improvements?
increased productivity
What does technological improvements lead to?
Increased productivity
Who increased the productivity of the American farmer?
Anderson and McCormick
The findings of the Hawthorne studies led researchers to look more closely at how could lead to better productivity?
The Hawthorne studies showed resultant increased productivity in a number of situations. Workers productivity increased when they thought they were being watched. It also increased when management treated them as people not machines.
Did power tools increase productivity?
Yes, power tools especially increased productivity in home-building.
When capital is increased why does productivity rise?
This is because this gives more money to the company ,thus leading to increase in productivity. Increased capital will help you buying better machinary that produces faster with better qualit. Increased capital can let you hire more employees thus increasing productivity. Increased capital even may let you enter a new market .
