elainnysanchez1345 elainnysanchez1345
  • 04-02-2018
  • Business
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Describe how increased productivity affects costs of production and standard of living

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Swiftstar1315
Swiftstar1315 Swiftstar1315
  • 04-02-2018
Increased productivity improved the cost of production because the goods are easier to make, require less work, and the amount of resources required is less. The standard of living goes up because people are able to live in a better society with more innovation and progress.
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