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How can society improve the standards of living?
Increase productivity
How does the relationship between wage and productivity impact overall economic growth and prosperity?
The relationship between wage and productivity is important for economic growth and prosperity. When wages increase in line with productivity, workers are motivated to work harder and produce more, leading to higher economic output. This can result in overall economic growth and prosperity as businesses become more efficient and profitable, which can lead to higher standards of living for individuals and a stronger economy.
What is credited with gains in industrial productivity increased standards of living and affordable products?
internet
What is the general relationship between productivity and the standard of living, and how do they influence each other?
Productivity and the standard of living are closely linked. Higher productivity leads to increased economic output, which can result in higher wages and better living conditions. In turn, a higher standard of living can motivate individuals to be more productive. This positive cycle can lead to overall economic growth and improved quality of life for a society.
Are there any relationship between non living things and living things?
Yes there are relationship between the living and non-living world
The relationship between living organisms in the aquatic environment?
what is the relationship between living organisms in the aqatic environment
What the study of the relationship between living thing and the environment?
The study of the relationship between living things and the environment is ecology.
Nations standard of living determined by productivity?
A nation's standard of living is closely linked to its productivity levels. Higher productivity means more output can be produced with the same resources, leading to increased income and wealth for individuals. This can result in better living standards, including more goods and services, higher wages, and overall economic prosperity.
What do you call a mutually beneficial relationship between two living organism?
A mutually beneficial relationship between two biotic (living) organisms is called a symbiotic relationship.
How does capital deepening increase output per workers?
Increase in capital per worker does increase real wages. The higher the productivity, the higher the standards of living.
What is the living standards of Hawaii?
what is the living standards of hawaii
What has the author Susan Carol Nesbitt written?
Susan Carol Nesbitt has written: 'Relationship between standards in economic value systems and social status' -- subject(s): Cost and standard of living
