T12 - 5

Question 1

Define:

Productivity

Answer 1

Productivity is how efficiently resources are being used to generate products and services.

Question 2

Discuss 2 strategies that can be used to improve productivity.

Answer 2

1. Improving the motivation and morale of the workers.
2. Involving employees in decision making about the production process.

Question 3

What will the results of improving productivity be?

(What will happen if productivity is increased?)

Answer 3

• When productivity improves, more goods and services are produced and entrepreneurs make more profits.
• There will then be a large increase in the level of economic growth in the country.