Question

how does productivity contribute towards business growth?

Answer 1

Productivity can be described as an altogether work of the workers of any organisation or business. 

Productivity is directly related to business growth. If the productivity of any business is high the business is bound to reach high levels and if the productivity goes down, the business growth will come down too.

A lot of efforts are made by the human resource department in big businesses to motivate the workers so that they achieve their productivity goals.

Answer 2

There is a board exact proof supporting the suggestion that opposition is valuable for the economy. Market analysts concur that opposition strategy has an imperative part to play in enhancing the profitability and along these lines the development prospects of an economy.

Competitive and dynamic markets have expanded efficiency and advanced financial development over the globe.

The powerful competition gives huge advantages to shoppers through lower costs and better quality products and services.

At the point when markets function admirably, firms flourish by addressing buyers needs to be preferred and all the more viably over their rivals, through advancement, expanded profitability and lower cost base.