09 Productivity - Productivity

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Productivity Strategis.ic.gc.ca/epic/internet/inpro-pro.nsf/en
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Why raise productivity levels? Improving productivity, in order to increase our  standard of living, is a long-term proposition.  Productivity enhancement is a complex problem, and  there are no simple solutions. However, experience  elsewhere over the last two decades shows that it  can be tackled successfully. The need for sustained  improvement in our productivity performance will  become even more pressing over the next decade as  changing demographics and increasing North  American economic integration really begin to bite.  Sustained productivity improvement going forward  will be imperative in order to ensure our future  prosperity. 
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What is productivity? Productivity is a measure of how efficiently  the economies' resources are transformed  into the production of goods and services. It  measures how much output is produced  relative to the inputs of labour, capital (plant  and equipment), and technology. An increase  in productivity implies that more output can be  produced with the same inputs (or perhaps  less). Productivity can be measured at the  level of the firm, industry or on an economy- wide basis. 
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Why is productivity important? Productivity improvements allow companies to pay 
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09 Productivity - Productivity

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