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  • 20.3: Productivity
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/20%3A_Economic_Growth/20.3%3A_Productivity
    Increasing productivity is a rare win-win, improving the standard of living from a governmental, commercial and consumer perspective.
  • 9.1: The Production Function
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/9%3A_Production/9.1%3A_The_Production_Function
    The production function relates the maximum amount of output that can be obtained from a given number of inputs.
  • 14.5: Capital, Productivity, and Technology
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/14%3A_Inputs_to_Production%3A_Labor_Natural_Resources_and_Technology/14.5%3A_Capital_Productivity_and_Technology
    Firms add capital to the point where the value of marginal product of capital is equal to the rental rate of capital.
  • 7.3: Labor Productivity and Economic Growth
    https://socialsci.libretexts.org/Bookshelves/Economics/Principles_of_Macroeconomics_3e_(OpenStax)/07%3A_Economic_Growth/7.03%3A_Labor_Productivity_and_Economic_Growth
    Rapid rates of economic growth can bring profound transformation. (See the following Clear It Up feature on the relationship between compound growth rates and compound interest rates.) If the rate of ...Rapid rates of economic growth can bring profound transformation. (See the following Clear It Up feature on the relationship between compound growth rates and compound interest rates.) If the rate of growth is 8%, young adults starting at age 20 will see the average standard of living in their country more than double by the time they reach age 30, and grow more than sixfold by the time they reach age 45.

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