Productivity

Question 1

Define productivity?

Answer 1

The relationship between inputs and outputs.

Question 2

How will we improve productivity?

Answer 2

If we can increase output, while keeping the input the same we will improve productivity.
Improving productivity is not about working harder or more, it is about working smarter.

Question 3

What are the advantages of improving productivity, and explain each.

Answer 3

Business- higher productivity means more outputs for less inputs, this will lead to greater profit.
Government- more profits for the business mean more tax income for the government.
Consumers- higher productivity may lead to lower prices for goods and services.
Workers- if productivity increases, workers can earn higher wages and increase their standard of living.

Question 4

How can we improve productivity?

Answer 4

-workers should be trained to improve work productivity.
-literacy rate and skills level in South Africa have to be improved.
-Reduce government spending(on unnecessary items) and corruption.
Tax money can then be used to improve infrastructure, that will further improve productivity and standard of living.