Productivity And Economic Growth Essay Examples

Productivity And Economic Growth - Free Essay Examples and Topic Ideas

Productivity is the output of goods and services produced per unit of input, such as labor, capital, and technology. Economic growth is an increase in the production of goods and services in an economy over time, typically measured by changes in gross domestic product (GDP) or gross national product (GNP). Productivity can lead to economic growth by increasing the efficiency of production, ultimately resulting in increased output and higher GDP or GNP.

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