Please enable JavaScript.
Coggle requires JavaScript to display documents.
Productivity (How to stimulate productivity (Germany (Good relations…
Productivity
-
What is it?
-
Inputs include labor and capital, while output is typically measured in revenues and other GDP
Productivity gains are vital to the economy, as they mean that more is being accomplished with less.
Capital and labor are both scarce resources, so maximising their impact is a core concern of modern business
Challenges
-
Government's role?
-
Government need to educate corporates on tax relief programmes to encourage spending on people and infrastructure
Austerity measures - Conservative UK - reduce government spending and increase taxes, in an effort to reduce their budget deficit
-
Sociocultural
-
-
Consumers are driven by extrinsic motivation (money) but don't want to work for it - easier to just borrow - access
-
-
-
-
-
-
-