Section 3
Productivity
Book
Version 6
By Boundless
By Boundless
Boundless Business
Business
by Boundless
3 concepts
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Impacts of Productivity on Output
Productivity, or the efficiency of production, is important because it can drive increases in output and improvements in living standards.
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Productivity Gains from Software
New ways of developing and using software have led to higher efficiency and productivity through greater interaction between users.
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Productivity Gains from Hardware
Productivity improving technologies lower traditional factors of production of land, labor capital, materials, and energy.