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What is the relationship between economic growth and productivity? What is the major source of growth in labor productivity?

Aug 21st, 2015

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The relationship between economic growth and productivity is that the economic growth occurs when productivity increases which provides enough materials for economic growth. When the level of productivity decreases without a decrease in the demand for the materials , the prices of food materials will rise and fewer number of people are able to acquire the products they want hence low economic growth. presence of land and labor are sources for productivity in labor production.


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Aug 21st, 2015

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