The reason why Country U and other countries around the world are known as the “knowledge society”. How this affects the measurement of productivity among Country U and other nations. Introduction: Productivity is a measure of the effectiveness or capability of the machine, person, or an organization. It makes the firm competitive in the market place, as it is important for any firm to be profitable and effective. It is the ratio of output divided by the input. Here, the output can be goods or services and the input can be resources and capital.

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To determine: The reason why Country U and other countries around the world are known as the “knowledge society”. How this affects the measurement of productivity among Country U and other nations.

Introduction: Productivity is a measure of the effectiveness or capability of the machine, person, or an organization. It makes the firm competitive in the market place, as it is important for any firm to be profitable and effective. It is the ratio of output divided by the input. Here, the output can be goods or services and the input can be resources and capital.

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