Increased productivity most often leads to:
higher standards of living
When productivity increases, it typically means more goods and services are produced with the same amount of labor and resources. This increase in efficiency often translates to economic growth, which can lead to higher standards of living as more goods and services become available to consumers, and incomes generally increase.
While increased productivity can potentially impact the other options listed (such as potentially leading to better educational opportunities and shorter working hours), these are not as directly correlated with productivity as the standard of living is. Increased productivity does not generally lead to lower profits and outputs; on the contrary, it usually results in higher profits because more can be produced at a lower cost.
Increased productivity most often leads to which of the following?
(1 point)
Responses
higher standards of living
higher standards of living
better educational opportunities
better educational opportunities
shorter working hours
shorter working hours
lower profits and outputs
1 answer