Productivity is the ratio of outputs attained as result of processing to theinputs given for production to. There is a direct relation between the productivity and growth of a nation. High productivity creates a secure and safe condition for the local manufacturers in competing with foreign producers. Higher productivity helps to increase wages by increasing the profits which helps to gain competitive edge over the rivals and help to improve the market share. To determine: The importance of high productivity for a nation.

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Chapter 2.7, Problem 1.1RQ

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Productivity is the ratio of outputs attained as result of processing to theinputs given for production to. There is a direct relation between the productivity and growth of a nation. High productivity creates a secure and safe condition for the local manufacturers in competing with foreign producers.

Higher productivity helps to increase wages by increasing the profits which helps to gain competitive edge over the rivals and help to improve the market share.

To determine: The importance of high productivity for a nation.

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