Homework question help

Economics
Tutor: None Selected Time limit: 1 Day

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

Aug 21st, 2015

Thank you for the opportunity to help you with your question!

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.


Please let me know if you need any clarification. I'm always happy to answer your questions.
Aug 21st, 2015

Thanks so much for choosing studypool as your best site for your academics.

Aug 21st, 2015

Did you know? You can earn $20 for every friend you invite to Studypool!
Click here to
Refer a Friend
...
Aug 21st, 2015
...
Aug 21st, 2015
Dec 4th, 2016
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer