Increasing average labour productivity is important to the economy because

Question

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Increasing average labour productivity is a key to improving living standards in the long run as it leads to higher output per worker and higher wages. This can lead to increased investment, technology adoption and overall economic growth. Without it, the economy may stagnate and eventually decline. Options A, B, and D are incorrect as they are either incomplete or incorrect statements. Option E is also incorrect as increasing labour productivity means more output is being produced with the same resources, not less.

Increasing Average Labour Productivity Is Important to the Economy Because