It's all about how well people combine recources to produce!

importance Of Productivity?

Productivity determines how rich a country can be. Without high levels of productivity no country can get to the point where it has a high level of productivity. Also a high standard of living for its people.

My opinion?

I think that productivity is important because the marketplace ends up determining what companies survive and which end up folding!!! The rate at which goods and services having exchange value are brought forth. This is very important to our economy!!!