what is productive mechanism
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The productive mechanism is the mechanism in which the goods and services are produced in the most effective and efficient manner so that more output can be obtained using fewer resources. When productivity increases, the income of people increase, the standard of living of people increase and the society progresses.
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The productive mechanism is the mechanism in which the goods and services are produced in the most effective and efficient manner so that more output can be obtained using fewer resources. When productivity increases, the income of people increase, the standard of living of people increase and the society progresses.
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