Increased productivity leads to:

Question

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Increased productivity allows companies to produce more goods and services in less time and with fewer resources, which leads to lower costs and, therefore, lower prices for consumers. This can expand the variety of goods and services available as businesses have more resources to invest in research and development to create new products. As a result, people are able to purchase more goods and services at a lower cost, which generally increases their standard of living.

Increased Productivity Leads To