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How does technology affect productivity in an economy?
Usually, new technology will increase productivity in the economy. For example, if you replace a human in a factory with a robot that can work twice as quickly without breaks, productivity would increase.
How does the assembly line benefit the economy?
helped meet supply and demeand faster It increases productivity
State three main features of Indian economy at the time of independence?
low level of productivity under utilisation of available resources low level of capital formation poor infrastructure pressure of population predominance of agriculture low per capita income
Which is not a goal of policy makers pursing to stabilize the economy?
stable productivity
What is a economy sector that uses most petroleum?
a productivity factory <><><> Transportation
Why is high productivity in the service sector so difficult to achieve?
High productivity in the serve sector is difficult to achieve because of high overhead costs. The service sector is typically a low profit sector of the economy.
Why is productivity related to the economy?
cause it just is
How does technology affect productivity in an economy?
Usually, new technology will increase productivity in the economy. For example, if you replace a human in a factory with a robot that can work twice as quickly without breaks, productivity would increase.
What causes low productivity on a company?
Low productivity in a company is caused by a number of factors. Poor management, employee dissatisfaction, outdated systems and personal problems of employees all contribute to low productivity.
What is the important of immogration?
For the economy, it was a boost for labor productivity
How does the assembly line benefit the economy?
helped meet supply and demeand faster It increases productivity
State three main features of Indian economy at the time of independence?
low level of productivity under utilisation of available resources low level of capital formation poor infrastructure pressure of population predominance of agriculture low per capita income
What was State of Indian economy before independence?
Agriculture- The agriculture sector suffered from low productivity and stagnation was saddled with surplus labour.It contributed more than 50% of the national product. Poverty- Indian economy was shsttered economy on the eve of independence.poverty was all prevailing and wide-spread. Per capita income was very low.
Does raising productivity helps to unlock the potential of a country's economy?
yes
Which is not a goal of policy makers pursing to stabilize the economy?
stable productivity
What is a economy sector that uses most petroleum?
a productivity factory <><><> Transportation
What do you mean when you say productivity is a relative measure?
single factor productivity and total factor productivity
