When productivity changes, it affects the productive capacity of an economy. Labour, as an input in production, helps to determine total output produced. When labour productivity falls,that is ouput per labour per decreases goods then total production falls. The PPP (also known as the PPF) moves inward to represent the fewer production choices available. When labour productivity increases, the curve shifts outward to represents increased production and production choices.
Labour productivity = production/labour
When productivity changes, it affects how productive an economy is. Labour, as an input in production, helps to determine total output. When productivity falls, labour, as an input, produces less goods and thus total production falls. The PPP (also known as the PPF) moves inward to represent the fewer production choices available. When productivity increases, the curve shifts outward to represents increased production and production choices.
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.
Specialization increases an individual or groups productivity (and income) according to the principle of comparative advantage.
An employee's capacity, tools used on the job and the type of incentive given all affect productivity. With the right tools, employees can increase their chances at meeting production each day.
With an increase in consumer spending, there will be an increase in demand for goods/services, and therefore an increase in production, which drives the economy up.
productivity is provide a measure to effective and efficient use resources
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.
mmm.. cheese
The industrial revolution remade the worker line making production faster and increasing input and output; this stimulated the economy because factories were able to produce more for cheaper and sell more for more money.
Specialization increases an individual or groups productivity (and income) according to the principle of comparative advantage.
An employee's capacity, tools used on the job and the type of incentive given all affect productivity. With the right tools, employees can increase their chances at meeting production each day.
productivity is provide a measure to effective and efficient use resources
no
With an increase in consumer spending, there will be an increase in demand for goods/services, and therefore an increase in production, which drives the economy up.
The war in Europe affected the American economy by creating a massive increase in US industrial production as well as stable prices.
The economy's production possibilities would drop if there was a reduction in the number of hours worked each day. Since, production is dependent on labor, there would be less products produced.
The communication problems faced in a large organization is so many. There is a high possibility of passing down the wrong information which will ultimately affect productivity.
they reduce it