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.
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.
3
Q
Name 3 ways in which the government tries to increase labour productivity?
A
- Ensuring that workers are well educated and well trained.
- Taking steps to improve the health status of workers.
- Taking steps to ensure that workers are well motivated.
4
Q
Name 3 ways in which the government tries to increase the productivity of natural resources (land)?
A
- Teaching people about the sustainable use of resources.
- Putting laws in place which prevent the overuse of natural resources.
- Encouraging people to use natural resources responsibly.
5
Q
Name 4 factors that can have a negative effect on the productivity of labour.
A
- ill health
- lack of education and training
- poor motivation
- absenteeism