What Factors Increase Production Productivity Over Time? What factors increase production productivity over time? Typically the higher the average level of education in an economy, the higher the accumulated human capital and the higher the labor productivity. The second factor that determines labor productivity is technological change. What are the factors that contribute to productivity
What Does Very Efficient Mean? What does very efficient mean? 1 : productive of desired effects especially : capable of producing desired results with little or no waste (as of time or materials) an efficient worker efficient machinery. 2 : being or involving the immediate agent in producing an effect the efficient action of heat
What Effect Might High Worker Productivity? What effect might High worker productivity? As an economy’s labor productivity grows, it produces more goods and services for the same amount of relative work. This increase in output makes it possible to consume more of the goods and services for an increasingly reasonable price. What factors increase worker
Does Investment Affect Productivity? Does investment affect productivity? In the long term, investment is important for improving productivity and increasing the competitiveness of an economy. Without investment, an economy could enjoy high levels of consumption, but this creates an unbalanced economy. Does investment increase production? Business investment can affect the economy’s short-term and long-term growth.