Describe 2 reasons why one country may have higher productivity than another?

Expert Solution

The reason why one country may have higher productivity than other country is -

1 . EFFICIENT LABORS - If one country is higher in productivity than the other country than that country must be having effective and efficient labor to them . Due to the good skilled labor to them they will work more effectively and efficiently for the countries productions so that they can be able to earn more by generating more production than before . The labors are the main factors who works for the production of an organisation and all the function are totally dependent over them from the quality to quantity of the product .

2. AVAILABILITY OF CAPITAL - Or if the country is having higher rate of productivity than the other country except labor then they surely be having sufficient amount of capital available to them for the production purpose . With the help of the sufficient capital to them they can increase there productivity by investing in new technologies so that low labors are required for the production and with the help of the technology in production process the rate of productivity will increase by consuming less time period .

Rahul Sunny answered 1 year ago

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