Productivity and Capital investment

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Presentation transcript:

Productivity and Capital investment By: Ben Quick

Productivity In Economics, Productivity is the amount of output per unit of input used. For instance – Labor Productivity is typically measured as output per worker or output per labor-hour. -If I go from teaching 25 students to teaching 30 students per class, then I have increased my productivity.

Productivity Business can increase their productivity by investing in technology or equipment. - How might the invention of the copy machine improve productivity? - Could cell phones make business more productive?

Productivity Productivity can benefit the consumer by lowering prices. Automobiles, for example, were initially hand made and only available for the wealthy. As productivity increased, and the price of automobiles fell, they became widely available to the general population. * Productivity can harm some people who lose jobs due to improvements in certain industries.

Capital Investment Nations and Business invest in Capital to improve productivity - Businesses buy equipment and upgrade technology - A nation may invest in forms of Human Capital (health, Education, job training) to make the nation more productive

Capital Investment How might our nations investment in the following areas improve productivity and our standard of living? -Education -Job training

Questions?