Economy, asked by rubyrani0035, 8 months ago

How does total productivity of a person add to the growth of economy?​

Answers

Answered by anshikasinghanshu99
0

Answer:

Productivity improvements mean that labour can be released from one industry and be made available for another – for example, rising efficiency in farming will increase production yields and provide more food either to export or to supply a growing urban population.

Answered by tvishasanghvi
1

An economy's rate of productivity growth is closely linked to the growth rate of its GDP per capita, although the two are not identical. For example, if the percentage of the population who holds jobs in an economy increases, GDP per capita will increase but the productivity of individual workers may not be affected.

Hope it helps you!!!

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