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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 can incentives increase worker productivity?
i see you!!
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 can society improve the standards of living?
Increase productivity
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.
Explain how Smith's ideas are evident in the workings of the us economy?
All of Smith's ideas contributed in the American economy which lead to the increase of the productivity and output.
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
What is the benefit of greater organization?
Increase in productivity
How can incentives increase worker productivity?
i see you!!
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 do you INCREASE Productivities?
You can use the modern technology and fertilizers to increase productivity in plants.
Technological improvements lead to?
increased productivity :)
Technological improvements lead to what?
increased productivity
