1. THE IMPORTANCE OF PRODUCTIVITY
Increasing productivity is a rare win-win, improving the
standard of living from a governmental, commercial and
consumer perspective.
Productivity:The quantity of goods and services
produced from each unit of labor input.
Example :make these goods and services that are give
the benefits for the customer,and make more inovation
in these things.
2. HOW PRODUCTIVIYT IS DETERMINED
These determinates of Crusoe's productivity which we
can call Physical Capital, Human
capital, Natural resources, Technological knowledge
• Human capital and physical capital are both types of
capital resources that are essential for the smooth running
of any business.
3. PHYSICAL CAPITAL
Physical capital:
The stock of equipment and
structures that are use for produce goods and
services for the costumers
Example:
Its like buildings ,machinery,
equipments,and computer that is use for quality
products
4. HUMAN CAPITAL
Human capital:
The knowledge and skill that workers
acquire through education training and experience.
Example:
Employes , workers , manegars
5. DIFFIRENT BETWEEN PHYSICAL AND HUMAN
CAPITALS?
Physical capital refers
to assets which
themselves have been
manufactured and are
used for production of
other goods and
services.
• Human capital refers
to the skills, training,
experience, education,
knowledge, know-how,
and competencies
contributed by humans
to a business
Physical capital Human capital
