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.
How does the government encourage an increased level of productivity
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 .
800 Canadian pesos
Greater efficiency; increased productivity; lower unit costs
through regulations that limit innovation who wants popcorn
How does the government encourage an increased level of productivity
Increased human capital leads to increased productivity.
wooboo
Educated people are more efficient. Increased efficiency means increased productivity. Increased productivity means increased revenue...who doesn't want more money.
increased productivity
productivity
Increased productivity
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increased productivity :)
Anderson and McCormick
Yes, power tools especially increased productivity in home-building.
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.