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Earn +20 ptsQ: What is an increase in productivity?
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What is the relationship between wages and productivity as shown on the graph?
The graph shows that there is a positive relationship between wages and productivity. This means that as wages increase, productivity also tends to increase.
How can incentives increase worker productivity?
i see you!!
How does technology affect productivity in an economy?
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.
How can society improve the standards of living?
Increase productivity
What does in increase in productivity mean?
It means an increase in the ability to produce more at a quicker rate.
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