Question

Explain the factors necessary to raising productivity.

(Brief answers please)

Answer 1

Many factors which can affect productivity , positively and negatively. Factors necessary to raising productivity are :

1. increase in capital investments in production ,

2. Increase in capital investments in technology,

3. Capital investment in facilities,

4. Economies of scale,

5. Knowledge and skill resulting from training and experience,

6. Work methods - positive changes in working methods,

7. quality of products- high quality products,

8. Quality of management- cooperative management,

9. Legislative and regulatory environment,

10. Geographical factors also effect productivity,

11. technological changes-innovative methods,

12. Social environment.