Productivity and Interdependence

Alex & Jose

Productivity

-output per unit of input- is the fundamental determinant of the growth of a country's material standard of living

Interdependence

Interdependence is depending on other people. For example, we people depend on Foodlion or Wal-Mart mainly for food. We rely on clothes stores to sale us clothes. Most things we do or need, we depend on other people.

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