The ability of an organisation to generate a good or a service is measured by its productivity. The total number of finished items can be used as proof by businesses that create things, but it is notoriously difficult to assess the productivity of the service industry.
5 Important Reasons for low productivity in service industries
1. Usually time-consuming (counseling, teaching)
2. typically concentrated on distinctive personal qualities or desires ( investment advice)
3. frequently an intellectual task carried out by experts (medical diagnosis)
4. Frequently challenging to automate and mechanise (a haircut)
5. evaluating quality is frequently challenging (performance of a law firm)
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What does the government do in order to manage revenue and spending?
They create laws
The age group that has the strongest memory abilities are young adults.
Young adults frequently use memory strategies such as organization to associate new information with stock knowledge. This leads to an increase in the amount of information that they can retain in working memory.
