Increase productivity
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.
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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.
Yes there are relationship between the living and non-living world
what is the relationship between living organisms in the aqatic environment
The study of the relationship between living things and the environment is ecology.
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.
A mutually beneficial relationship between two biotic (living) organisms is called a symbiotic relationship.
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
Susan Carol Nesbitt has written: 'Relationship between standards in economic value systems and social status' -- subject(s): Cost and standard of living