T12 - 6 Flashcards

(5 cards)

1
Q

Explain the meaning of economic growth.

A

Economic growth is a process that occurs when there is an increase in the quantity of goods and services produced in the country.

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2
Q

How does productivity lead to economic growth?

A
  • When productivity increases in value, more goods need to be produced as demand from the community increases.
  • People have more money to spend to satisfy their needs and wants.
  • It is like a cycle - when one area grows it leads to growth in the next area.
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3
Q

Name 3 ways in which the government tries to increase labour productivity?

A
  1. Ensuring that workers are well educated and well trained.
  2. Taking steps to improve the health status of workers.
  3. Taking steps to ensure that workers are well motivated.
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4
Q

Name 3 ways in which the government tries to increase the productivity of natural resources (land)?

A
  1. Teaching people about the sustainable use of resources.
  2. Putting laws in place which prevent the overuse of natural resources.
  3. Encouraging people to use natural resources responsibly.
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5
Q

Name 4 factors that can have a negative effect on the productivity of labour.

A
  1. ill health
  2. lack of education and training
  3. poor motivation
  4. absenteeism
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