Question

Name three factors that can contribute to increased output of goods and services in a country. Explain how these factors can improve productivity

Answer 1

The 3 factors are human resources, natural resources and technological development. Shortage of skilled labour in an economy reduces considerably the quality and quantity of goods and services that the economy produces. Effective and efficient exploitation of mineral resources results in tremendous growth in the volume and quality of goods and services. Technologoal development helps to increase productivity.